Wyoming’s Crypto Aspirations Are Colliding With Economic Reality

While several cities and states have made strides to attract crypto investments over the past decade, Wyoming Governor Mark Gordon describes the state as “the most crypto friendly place in the United States.” He might be on to something.

Wyoming has enacted dozens of bills that either mention crypto-related terminology or are sponsored by a legislative committee that’s dedicated to all things blockchain and technology. The tally — 28 since 2019, according to data compiled by Bloomberg — leads the nation. This far outpaces Utah in second-place with 15 bills of its own.

The momentum comes along with millions ...