It’s Not Wyoming’s First Rodeo as Cryptocurrency Race to Capitalize on Blockchain Heats Up
While the United States, on a federal level, can't resolve itself to a single position when it comes to cryptocurrencies and blockchain companies. But this fact doesn't stop a good number of counties and states pushing to put it to work.
One of the recent examples of this includes the state of Wyoming, which has taken one of what can only be described as a series of power moves, demonstrating its desire to leverage blockchain, making itself the stand out state when it comes to the innovative technology.
If there's one person that has come to epitomize this State-scale dynamism, it is the current governor, Mark Gordon, who made his position clear during his inauguration speech, highlighting the progressive approach that the state is taking towards cryptocurrencies, as well as dedicating his governorship to carrying the torch of crypto innovation.
It makes sense for Wyoming to step towards blockchain; with a diminishing population and otherwise old industrial sectors that are fast going out of fashion. The state has taken a liking to blockchain startups as well as cryptocurrency mining operations.
Dancing With Giants
It makes perfect sense for a state like Wyoming to attempt to ‘woo' major, and disruptive industries such as technology, as well as blockchain technology. One of the other examples of this small state courting big business includes Delaware.
Becoming well known as a tax haven, it endeared itself significantly to companies all across the United States. It is thanks to this lenient tax regulation that Delaware is now home to a large percentage of America businesses; allowing the latter to cut costs while providing a large number of jobs to the local population.
While taxation is one reason to like Delaware, another is the fact that it has an ever-growing blockchain initiative. It has become such an inspiring sight for individuals, as well as the state of Wyoming, that it is the muse behind one of the states newly proposed bills.
The Wyoming Blockchain Coalition
Now, we can look at this in a number of different ways, this new legislation coming out of the state could be seen as a Governor's genuine interest in blockchain technology, even a drive to bring new jobs to the state. But what is also believable is that, behind any policy, there is a collection of vested interests that will lobby for it.
For this state, in particular, these ‘vested interests' take the shape of the Wyoming Blockchain Coalition. Made up of a number of highly influential individuals within the state, the most outspoken of these individuals include Caitlin Long.
A veteran of twenty years within the financial giant, Morgan Stanley, Long is a Wyoming native, with a more than enthusiastic passion for ‘Honest Ledgers.' She took this financial experience with her and put it to work with her next role, which was with the company – Symbiont.
If Wyoming is to take on a legislative and motivated push towards becoming a pro-blockchain space for businesses and developers, it requires a holistic approach, with a good number of interested parties making their voices hears.