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
Latest Crypto News & Analysis
Editors’ Picks
Bitcoin Taproot likely to see successful signaling process with over 90% blocks in support
Cardano Price Prediction: ADA sets up the stage for 10% correction
Shiba Inu Price Analysis: SHIB reversal complicates bullish narrative
SafeMoon Price Forecast: SAFEMOON probabilities align in favor of a 30% rally
BEST CRYPTO BROKERS/EXCHANGES
Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive
BTC
ETH
XRP

Content: Whether federal-level intervention actually materializes will depend on how D.C. views its role in mediating the space, and whether they deem it in the public interest for there to be a uniform set of laws applicable to cryptographic asset activity.” Cointelegraph has picked out the five most crypto-friendly American states for different crypto actors, be it casual consumers or large businesses. Most cases involve having fair regulations in place (like allowing corporations to tokenize their shares) or, for instance, local authorities’ willingness to provide special electricity discounts for mining facilities. However, sometimes less is more: California is the most popular location for crypto firms, and unlike New York, it doesn’t oblige them to get any specific licenses. Wyoming
Specialty: Custody services, crypto businesses (exchanges, wallet providers, etc.) So far, Wyoming has proved to be the undisputed leader in terms of crypto-friendly areas of the U.S. Thus, the Cowboy State put itself on the crypto map in early 2018, when the Wyoming House of Representatives passed a bill defining “utility tokens,” and exempting those of them that are not marketed as an investment opportunity (and meet a number of additional requirements) from securities regulations. The move aimed to solve the long-standing dilemma in the U.S. in which different agents view cryptocurrencies differently from the juridical standpoint, as co-founder of the Wyoming Blockchain Coalition Caitlin Long, the lobbyist behind most domestic crypto bills, remarked at the time, “The state of Wyoming is the first elected body in the world to define a utility token as a new type of asset class different from a security or commodity.” A total of seven other pro-crypto bills remain active, which entail granting digital currencies the same legal status as money, authorizing banks to hold digital assets in custody, allowing corporations to tokenize their shares, and creating a regulatory fintech sandbox aimed at further diminishing any regulatory hurdles for industry startups, among other things.