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ARTICLE · 24 JANUARY 2019

Wyoming Legislature Advances Blockchain-Related Bills

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HB62 would repeal the Wyoming law passed in 2018 that established an exemption for certain "open blockchain tokens" under the state's securities laws.

United StatesTechnology
Jonathan Mollod
Jonathan Mollod
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States have long been "laboratories of democracy" where policymakers can try out certain innovative policies on a local or regional level that could eventually, if successful, become national programs. On the tech side, some states have sought to establish themselves as laboratories of blockchain. For example, this past week Vermont announced that it will work with vendors to launch a pilot program permitting new captive insurance companies to register with the Vermont Secretary of State using blockchain.

Across the country, Wyoming has been especially active in this area and reportedly desires to be a corporate-friendly "Delaware of the West" [subscription required] as well as a haven for blockchain and fintech business activity. To that end, the Wyoming legislature has advanced several blockchain-related bills through committee since the new year (following an active 2018, which saw the state pass a number of regulatory measures related to blockchain and digital

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