Name: House Bills 19 and 70
Sponsors: Rep. Miller, R-Riverton and Rep. Tyler Lindholm, R-Sundance
What they do: Both these measures would enable cryptocurrency trading in Wyoming. The most well-known cryptocurrency is Bitcoin, a virtual token that can be used for anonymous online transactions and speculative trading. Wyoming is one of the few states that does not allow cryptocurrency trading. House Bill 19 would clarify the provision that state regulators are currently relying on to bar the trading and House Bill 70 would clarify that traders are not subject to certain other state finance regulations.
What they’re saying: The Wyoming Blockchain Coalition, with a board stocked by prominent current and former politicians, has been lobbying for several months to remove the restrictions on cryptocurrency use and trading in Wyoming. Support for cryptocurrency in Wyoming was also mentioned in the first report from Gov. Matt Mead’s Endow economic diversification initiative council.
Where they stand: Both measures were received for introduction, approved by a committee and returned to the House for a vote. If approved, the bills will be sent to the Senate.