Leaders in Wyoming’s cryptocurrency sector are concerned proposed infrastructure legislation could criminalize them for non-compliance with regulations they say are impossible.
Wyoming needs to shed any conflict of interest perception in order to capitalize on crypto technology, Dodson opines.
The price of Bitcoin fell by one-third this week, driving analysts wild. As Wyoming seeks to diversify its revenues through cryptocurrency, should the state be worried about more booms and busts?
Building cryptocurrency mines would leverage the state's competitive advantages and existing workforce, Dodson opines. Current policy, however, instead tries to compete with London for bankers and programmers.
When Wyoming passed legislation favorable to the budding industry, Dodson writes, the state forgot to require some benefits in return — like jobs or revenue.