Title: Intro to Wyoming Crypto Law. New legislation seeks to clarify the… | by CleanApp | Crypto Law Review | Medium
Headings: Intro to Wyoming Crypto Law
Intro to Wyoming Crypto Law
Basic Structure
Crypto Legal Definition
Crypto Legal Classification
Crypto Legal Financialization
Rehypothecation is a felony in Wyoming.
Crypto Legal Experimentation
Crypto for Regulators
Regulators have a hard job when it comes to crypto; let’s make it easier.

Content: if there’s a cloud on its title. Both pragmatists and crypto maximalists should rejoice at this, because it outlaws “fractional reserve [crypto] banking/lending.” This, presumably, will lead to more stability in digital asset markets, because at the end of the day, everyone will have a much clearer understanding of who owns what. That being said, it’s not clear how the apparent criminal prohibition on rehypothecation will work alongside common law consent & constitutional freedom of contract principles. FinTech wizards can always insert consent-to-hypothecation clauses, and private parties are generally free to opt out of many well-meaning statutory schemes (e.g., prohibition on usury v. today’s consumer credit markets). It’s also unclear whether parties will be able to circumvent the prohibition on rehypothecation via piece-meal and/or severable choice-of-law/choice-of-forum provisions. Ultimately, these tensions will need to be tested in the courts of Wyoming and in the courts of sister jurisdictions. Nobody can predict which way judicial winds will blow. Crypto Legal Experimentation
One of the coolest features of the Wyoming Crypto Law is its open-ended and supportive approach to blockchain firms. Wyoming legislators understand that the crypto-economy needs abundant regulatory runway, and so they are expressly carving out “sandbox” provisions for experimentation and innovation.