Wyoming needs to shed any conflict of interest perception in order to capitalize on crypto technology, Dodson opines.
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.
The Legislature, in collaboration with industry-insiders, has passed a raft of industry-friendly legislation. Now the state waits to see who comes.
A former proponent contends that holders of cryptocurrency wealth are writing statute with little checks from lawmakers who don’t fully understand the legislation.