While some regulatory agencies and governments are looking to crack down on the cryptocurrency industry, Wyoming is trying to attract it.
State Rep. Tyler Lindholm, a Republican representing the state’s first district, told Cheddar that the state has more than enough energy to support crypto mining.
“We actually only use about 10 percent of the power that we have,” he said during the Thursday interview. “Our wholesale [price for] kilowatt hours is one of the cheapest in the nation. On top of that, It’s diversified. We’ve got wind, we’ve got solar, we’ve got coal, we’ve got gas, and we’ve also got hydro.”
State legislators from both sides of the aisle have put five cryptocurrency-related bills in the pipeline. House Bill 70 is currently awaiting Republican Governor Matt Mead’s signature. If passed into law, it would exempt some crypto assets from securities laws.
State Senator Tara Nethercott (R-District 4) told Cheddar during the interview that Wyoming looks forward to building a partnership with the crypto space.
“I think Wyoming is uniquely situated with the appropriate infrastructure, with the appropriate regulatory environment, the appropriate culture and excitement to be a strong partnership with this particular industry,” she said. “So I have great hope for its future in Wyoming.”
For the full interview, [click here](https://cheddar.com/videos/how-wyoming-is-luring-blockchain-businesses).
High-speed connectivity solutions provider Credo went public on the Nasdaq on Thursday, raising $200 million in its IPO. CEO Bill Brennan, joined Cheddar to discuss its entry into the capital markets and the next chapter for the company. "We're going to be focused on what we have been focused on, which is really creating, creating innovative connectivity solutions that really pushed the edge on efficient power as well as very effective cost," he said.
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Low-code app development platform Crowdbotics raised $22 million in a Series A funding round led by Jackson Square Ventures. Crowdbotics has helped more than 14,000 customers launch apps without having to learn how to code. The company can offer a team of expert developers to help companies launch custom apps, or provide the means for companies to develop apps themselves. Crowdbotics CEO Anand Kulkarni joined Cheddar News' Closing Bell to discuss.
Nathan Harding, CEO of Luum, joins Cheddar Innovates to discuss the process of having a robot put on eyelash extensions, and how automation is making its way into the beauty industry
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On this episode of Cheddar Innovates: Sidechef CEO breaks down how it's building a platform to make recipe shopping easy; Luum CEO explains the process of having a robot put on eyelash extensions; A look at Curiosity Stream's new original series, 'Evolve.'
