Wyoming HB 0070 (2018) will create this regulatory system for bitcoin in Wyoming:
- Creates an open blockchain token
- Cannot be marketed as an investment or part of a repurchase agreement
- Exchange of open blockchain does not trigger broker dealer regulations
3 Tech commentaries:
- Wyoming is forward-thinking to allow freer reign for cryptocurrency companies
- Makes Cheyenne intruiging to a few dozen crypto startups
- Wyoming revealed its willingness to be a “test bed for future regulation”
The impact to Texas: Wyoming has the regulatory framework for sandboxing, which is in the 2018 interim charges for the Texas House.
Tech Crunch | Wyoming works to make some crypto tokens exempt from regulation