Wyoming (WY)
Overview
SPDI charter for digital asset custody, DAO LLC recognition, and over 30 blockchain-friendly laws. Most crypto-friendly state in the US. Minimal enforcement actions; state takes innovation-friendly approach. Wyoming Division of Banking oversees Special Purpose Depository Institutions (SPDIs) with collaborative rather than punitive regulatory stance. Over 30 blockchain-enabling laws passed since 2018, including the Wyoming Blockchain Stampede bills. HB 70 (2019) defined digital assets as property
Regulatory Facts
Wyoming -- SPDI charter for digital asset custody, DAO LLC recognition, and over 30 blockchain-friendly laws. Most crypto-friendly state in the US.
Status: comprehensive, permissive
Wyoming -- Minimal enforcement actions; state takes innovation-friendly approach. Wyoming Division of Banking oversees Special Purpose Depository Institutions (SPDIs) with collaborative rather than punitive regulatory stance.
Status: minimal-enforcement
Wyoming -- Over 30 blockchain-enabling laws passed since 2018, including the Wyoming Blockchain Stampede bills. HB 70 (2019) defined digital assets as property. SF 125 created the SPDI charter for crypto-native banks (Kraken Bank, Custodia).
Status: comprehensive