Wyoming lawmakers want to bring in blockchain related businesses. This week the state legislature voted on a bill that exempts certain types of cryptocurrency assets from securities laws. State Representative Tyler Lindholm (R-District 1) and State Senator Tara Nethercott (R-District 4) explain how they create opportunities for businesses in their districts.
"We are identifying the difference between a utility token and a security," explains Lindholm. "We've actually already seen businesses move just based on the premise that we are looking at the bills."
Nethercott says there needs to be a healthy balance of regulation. "We want to make sure we don't have a regulatory environment that prevents its growth," she said. "We want to make sure regulations are reasonable."
The Governor of Wyoming is expected to vote on the cryptocurrency bill within the next week.
President Donald Trump has ordered the U.S. to stop minting pennies. His surprise announcement comes after decades of unsuccessful efforts to phase out the 1-cent coin. Advocates for ditching the penny cite its high production cost and limited utility. Fans of the penny cite its usefulness in charity drives and relative bargain in production costs compared with the nickel. Here's a look at some question surrounding Trump's order.
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. Russell Vought is the newly installed director of the Office of Management and Budget. Vought directed the CFPB in a Saturday night email to stop work on proposed rules, to suspend the effective dates on any rules that were finalized but not yet effective, and to stop investigative work and not begin any new investigations. The agency has been a target of conservatives since President Barack Obama created it following the 2007-2008 financial crisis.
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