Favorable Regulation, Abundant Energy Turning Wyoming Into A Bitcoin Hub
Clear, welcoming regulation, abundant energy sources are among the main two reasons why Wyoming is becoming the next big Bitcoin state.Friendly and precise regulation, abundant energy sources, and a thriving innovation landscape drive Wyoming to become the next bitcoin state. CNBC talked with Avanti CEO Caitlin Long and Sen. Cynthia Lummis, who both live there, to gauge what's behind the state's fast-tracking on Bitcoin innovation.The state of Wyoming has been taking steps to become a hotbed for bitcoin companies by approving friendly legislations and clarifying existing ones. The state....
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Charles Hoskinson, the founder of Cardano, has publicly criticized the Wyoming Stable Token Commission’s recent blockchain network selections for the state’s upcoming stablecoin, the Wyoming Stable Token (WST). In a livestream titled “XRP and Wyoming” broadcasted on November 25, 2024, Hoskinson questioned the commission’s opaque selection process and raised concerns about potential conflicts of interest. […]