Tagged: wyoming

November 29, 2025 @ 2:28 pm By Omar Faridi  |  

Anthony Apollo, Executive Director at the Wyoming Stable Token Commission, has shared what he claims is another first for a U.S. state which has been achieved by their organization (the Wyoming Stable Token Commission). At a recent gathering / sesssion, their CISO Keith Lawhorn unveiled… Read More

September 4, 2025 @ 11:22 am By JD Alois  |  

Hedera, a high-performance blockchain, has been added to the list of blockchains utilized for Wyoming’s stablecoin – the Frontier Stable Token (FRNT). This is the first state-issued payment stablecoin, which is managed by the Wyoming Stable Token Commission (WYST). Hedera was said to be the only… Read More

August 20, 2025 @ 8:48 am By JD Alois  |  

This week, Wyoming announced that it would issue a dollar-based stablecoin (FRNT), benefiting from the recent passage of federal stablecoin legislation (the GENIUS Act) and existing rules in the state, the Wyoming Stable Token Act. The announcement was made at the Wyoming Blockchain Symposium. As… Read More

August 19, 2025 @ 9:05 am By JD Alois  |  

Wyoming will issue its own stablecoin labeled FRNT or Frontier. Formerly called WYST, the stablecoin is already live on Avalanche, according to the company. The announcement was made at the SALT Wyoming Blockchain Symposium, which is taking place this week. FRNT is reportedly fully backed… Read More

June 30, 2025 @ 8:07 am By Omar Faridi  |  

Kraken has recently made significant strides in expanding its regulatory footprint, operational strategy, and commitment to user education. The company secured a full Virtual Asset Service Provider (VASP) license from the Central Bank of Ireland, relocated its global headquarters to Wyoming, USA, and released findings… Read More

January 9, 2025 @ 12:32 pm By Omar Faridi  |  

Custodia Bank is pleased to have achieved the System and Organization Controls (SOC) 2 Type II audit, showcasing their ongoing commitment to safeguarding data. According to the update shared by Custodia Bank, this certification reflects their dedication and sharp focus on maintaining the “highest standards… Read More

November 25, 2024 @ 10:17 pm By Omar Faridi  |  

Custodia Bank’s Board of Directors have reportedly voted this past week to further reduce operations and “preserve” capital in anticipation of “major” crypto policy reforms from the incoming administration in Washington, D.C. Custodia Bank noted that by taking this step ahead of the projected turn… Read More

August 30, 2024 @ 2:13 pm By Omar Faridi  |  

The Biden administration’s regulatory approach towards crypto-assets has led to considerable restructuring at a relatively small, yet somewhat prominent digital assets bank. FOX Business has revealed that Custodia Bank, a Wyoming based financial institution that provides various banking services to crypto firms, said  Thursday that… Read More

April 4, 2024 @ 10:09 am By Omar Faridi  |  

Wyoming-based digital asset bank Custodia will continue its efforts to obtain access to a Federal Reserve master account. Wyoming is a digital asset-friendly jurisdiction. A Federal Reserve master account is an account in which a Reserve Bank allows banks or credit unions to use the… Read More

March 10, 2024 @ 8:43 pm By Omar Faridi  |  

Wyoming Governor Mark Gordon recently signed a bill into law that allows for the development of a complete legal framework for the establishment and management of so-called decentralized autonomous organizations or DAOs. The latest bill has reportedly been sponsored by the legislature’s Select Committee focused… Read More

September 22, 2023 @ 8:25 am By Omar Faridi  |  

Custodia is pleased to announce that Lisa Hough has joined the bank as Vice President of Strategic Relationships, responsible for helping customers in the U.S. Bitcoin and energy industries “meet their banking and bitcoin custody needs.” Lisa transitioned to the Bitcoin sector in 2019 “after… Read More

September 6, 2023 @ 4:56 pm By Omar Faridi  |  

State lawmakers in Wyoming have reportedly passed 28 different blockchain-related bills since the year 2019. However, cryptocurrency revenue has been quite limited, even though there have been several different initiatives that were introduced. As covered, crypto VC investments have also shifted towards infrastructure development and… Read More

January 28, 2023 @ 9:11 am By Omar Faridi  |  

The Federal Reserve Board announced its denial of the application by Custodia Bank, Inc., Cheyenne, Wyoming, “to become a member of the Federal Reserve System.” The Board has concluded that the firm’s application “as submitted is inconsistent with the required factors under the law.” Custodia… Read More

December 28, 2022 @ 9:59 am By JD Alois  |  

American CryptoFed DAO, LLC’s forthcoming administrative hearing, as demanded by the Securities and Exchange Commission (SEC), is scheduled to take place on January 18, 2023. The Hearing Day 4 is labeled as public on the SEC’s event page. It was previously reported that hearings were… Read More

November 18, 2022 @ 3:57 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has commenced administrative proceedings against American CryptoFed DAO LLC. The company is based in Wyoming and was established under the state’s DAO law in July 2021. The Order, available here, outlines the interaction between American CryptoFed and the SEC…. Read More

January 12, 2022 @ 12:05 pm By JD Alois  |  

Chairman of the Federal Reserve Jerome Powell spent much of yesterday testifying in front of the US Senate Banking Committee as part of his nomination process. It is anticipated that Powell will easily be approved by the Committee as well as the full Senate for… Read More

December 26, 2021 @ 5:34 am By Omar Faridi  |  

Global AI-enhanced credit decision platform provider, Scienaptic AI, has announced that Meridian Trust Federal Credit Union has chosen its AI-powered platform, enabling the credit union to “augment its underwriting capabilities to make faster credit decisions, increase loan approvals and support the financial goals of its… Read More

December 8, 2021 @ 5:00 am By JD Alois  |  

Telos has announced that Telos Kitchen DAO LLC has purchased 35.84 acres in Laramie River Ranch, Wyoming with block rewards received from the network. Telos is a decentralized blockchain. Telos Kitchen is a block producer on the Telos blockchain. The property was purchased with tokens… Read More

December 6, 2021 @ 2:44 pm By Omar Faridi  |  

Matt Kaufman, Attorney/Partner at Hathaway & Kunz, LLP, noted on December 2, 2021, that it was a big day for Wyoming, due to the official launch of the Wyoming Chancery Court. As explained by Kaufman, it is a new home court for digital asset disputes… Read More

November 10, 2021 @ 6:36 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has halted two token offerings by American CryptoFed DAO LLC, a Wyoming-based organization. According to the SEC, the Division of Enforcement alleges that in September American CryptoFed filed a “materially deficient and misleading registration form known as a Form… Read More