News	2018-9-12 16:24

Crypto Just About as Wild and Western as Wyoming

Larmie is a town in Wyoming that is named after a pickup truck. Though the town is rooted in western tradition, something interesting happened there this weekend – it hosted WyoHackathon, an event celebrating blockchain technology. The event took place at the University of Wyoming, which is also located in the town.

Moreover, the state itself has been dubbed “America’s Cryptocurrency Capital” when it passed five pro-blockchain laws. The Wyoming Blockchain Coalition and Representative Tyler Lindholm pressed for the laws’ adoption. It seems that the state is welcome to blockchain technology, and it is providing regulatory support as well. A few of the main pro-blockchain bills include:

HB 19 – provides money transmitter exemption for virtual currency used within Wyoming HB 70 – utility token exemption from securities laws SF 111 – virtual currency not subject to taxation as “property” in Wyoming HB 101 – maintenance of corporate records of Wyoming entities via blockchain HB 126 – modifies Wyoming’s corporate code to permits formation of “Series LLCs”

Given the attitude toward blockchain, it is unsurprising that the WyoHackathon was held in the state as well. Caitlin Long, chairman of Wyoming Blockchain Coalition organized the event. A few Colorado Blockchain community members supported it as well.

The event was free and it gave people the opportunity to learn more about blockchain technology from several speakers, including:

Joseph Lubin, Founder of Consensys and Co-Founder of Ethereum Patrick Byrne, Founder and CEO of Overstock.com and tZero George Weiksner, 12-year-old CEO of Pocketful of Quarters Dr. Robert Machinnis, CEO of Active Aether

Another development at the event was that Wyoming announced its intent to create a Crypto Bank, ActiveAether announced that it will be relocating its NYC team to Wyoming, and Patrick Byrne announced that “100% of Wallstreet stocks will be tokenized.”

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