As of recently, the U.S. government has been loosening its regulatory leash on the crypto-landscape, making sure not to miss out on its share of financial dominance. In a rare instance, Caitlin Long and Trace Mayer & Tyler Lindholm, together featured on Peter McCormack’s podcast to discuss Wyoming’s role in leading this initiative. Long started the conversation by highlighting,
“We’ve acknowledged that peer-to-peer transactions involving Bitcoin and other crypto assets are legal in the state of Wyoming. It’s actually a really gray area in other States.”
She also spoke about how the state had managed to further levy complete tax on crypto-assets, in addition to distinctively defining utility tokens from securities. While detailing Wyoming’s numerous other crypto-friendly initiatives, she also spoke about the coming of “two new laws that developers and the hodlers are gonna love,” one of which states,
“Anyone in the state of Wyoming cannot be compelled in a criminal or civil or administrative or legislative hearing or anything, any other proceeding to disclose your private keys.”
The other law reinstates a protection for open-source developers that mentions that “developers cannot be criminally prosecuted solely for having written code is how someone uses the code and you can’t be liable for somebody else using the code that you wrote maliciously either.”
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