Tagged: wyoming

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

April 23, 2021 @ 10:31 am By Omar Faridi  |  

Bitcoin (BTC) dominance recently dropped to 50.2% (but has increased slightly to 50.7% at the time of writing) for the first time since July 2018, Bloqport reports. Bitcoin dominance represents the total share of the digital assets market that BTC claims. Notably, the BTC price… Read More

March 26, 2021 @ 8:16 am By Omar Faridi  |  

US-based crypto-assets firm Kraken asks when was the last time that a banking institution actually put customer requirements, security and “open access to all” first? David Kinitsky, Kraken Bank CEO, has shared reasons why customers require a “customized” banking structure that “modernizes” the products and… Read More

February 27, 2021 @ 11:50 am By Omar Faridi  |  

First revealed in September 2020, digital asset exchange Kraken is now hard at work “gearing up” to introduce Kraken Bank. The Kraken team notes in a blog post that this new venture is expected to improve the landscape for Bitcoin (BTC) and other digital currency… Read More

November 9, 2020 @ 7:43 pm By JD Alois  |  

The Securities and Exchange Commission, Staff of the Division of Investment Management has issued a public statement pertaining to a recent No-Action Letter (NAL) published by the Wyoming Division of Banking that included the Wyoming Division of Banking’s views relating to the definition of “bank”… Read More

November 3, 2020 @ 9:36 am By Omar Faridi  |  

The University of Wyoming (UW) has launched a Center for Blockchain and Digital Innovation. As mentioned on UW’s website: “Wyoming is a pioneer state known for firsts. In recent years, the state passed groundbreaking legislation to create a regulatory environment to foster blockchain application growth… Read More

October 29, 2020 @ 7:53 am By Omar Faridi  |  

Caitlin Long, Founder and CEO at Avanti Financial Group, has confirmed that Avanti is now officially a bank. Long noted that the company’s charter and business plan were “approved 8-0” today (October 28, 2020), including Avit, a tokenized US dollar that the company will issue… Read More

September 25, 2020 @ 3:41 pm By JD Alois  |  

Wyoming is one of several US states that does not assess a state income tax. In the past few years, there has been an exodus of both individuals and companies to these business-friendly states as people vote with their feet. Wyoming is also one of… Read More

September 21, 2020 @ 11:28 am By Omar Faridi  |  

Chainalysis, the leading blockchain analysis firm, has teamed up with the State of Wyoming’s Division of Banking, the banking regulator that’s tasked with the chartering and supervision of Wyoming state banks, trust companies, mortgage firms, money transmitters and other non-bank financial service providers. The State… Read More

September 18, 2020 @ 6:09 am By JD Alois  |  

This past week Kraken, a leading US-based digital asset exchange, was approved by the state of Wyoming for a bank charter. The first of its kind in the state, the Special Purpose Depository Institution (SPDI) means that Kraken Financial will operate pretty much just like… Read More