Title: US Crypto Review: Top-5 States With Welcoming Regulations
Headings: US Crypto Review: Top-5 States With Welcoming Regulations
US Crypto Review: Top-5 States With Welcoming Regulations
Wyoming
Colorado
Specialty: Crypto businesses, agriculture (potentially)
Ohio
Specialty: Crypto businesses, taxes, real estate agents (potentially)
Texas
Specialty: Crypto mining, consumer protection
California
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Content: The first location granted by the license will cost business owners as much as $10,000, while every additional kiosk requires an extra $5,000 (however, bond requirements cannot go higher than $250,000 in total). So, how are other states doing, and what are the most crypto-friendly ones? States take the crypto matter into their own hands, federal government remains absent
The regulatory landscape is actively changing throughout the U.S., as different states seem to be pushing in different directions in regard to crypto, while the federal government has yet to adopt a universal framework despite the calls from local actors. As a result, there is a widening regulatory gap between separate national units, says Cal Evans, founder of Gresham International, a compliance and strategy firm. He told Cointelegraph: “As the Federal government's position remains more and more silent states will look to develop their own framework. When states are left to do their own thing, there is often a massive disparity within their rules. We can see the same thing with the Marijuana industry.” Lindsay Danas Cohen, chief operating officer at Velocity Markets, a U.S.-based financial technology company providing solutions to investors in the digital asset markets, agrees that there is a varying approach among states regarding cryptocurrencies (although she explicitly refrains from calling it a “regulatory gap”), which is happening against the backdrop of federal inactivity: “In the future, absent federal intervention, it is likely that these different interpretations will be cemented, reinforcing a state-level patchwork (much as we see with Blue Sky laws).