Digital asset bank Custodia sued the Fed in June 2022, claiming an “unlawful delay” in processing an application for its master account. Custodia Bank won a step forward in its legal battle against the Federal Reserve, as a Wyoming federal judge denied dismissal motions from both the Fed and the Federal Reserve Bank of Kansas…
Read more
Wyoming U.S. Senator Cynthia Lummis has heavily criticized the recent legal action of the Securities and Exchange Commission (SEC) against Coinbase, stating that it might push the cryptocurrency industry and its innovation offshore. Lummis also remarked that the SEC has failed to streamline a path for cryptocurrency companies like Coinbase to regularize their operations. U.S.…
Read more
“The State of Wyoming believes that this changes the tenor of the suit and in turn questions the legitimacy and viability of the State’s statutory framework,” said AG Bridget Hill. The U.S. state of Wyoming has requested to intervene in the case between Custodia Bank and the Federal Reserve System, seeking to defend its framework…
Read more
Custodia wants to compel the Federal Reserve Board and its Kansas City branch to approve its application for a Fed master account within 30 days. Wyoming based digital asset bank Custodia is suing the Federal Reserve Board of Governors and the Federal Reserve Bank of Kansas City, claiming an “unlawful delay” in processing an application…
Read more
According to the bitcoin mining operation and mining rig reseller, Compass Mining, a new documentary will be released that covers the bitcoin mining operations in central Wyoming. The documentary, called “Bitcoin in Cowboy County: Wyoming’s Powder River Miners,” will premiere at the Empower Conference in Houston, Texas, on March 31. Compass Mining and JAI Energy…
Read more
“The new charter will enable us to provide secure, reliable and efficient investment, trading, and custodian services for a wide range of digital assets,” said SFOX co-founder Akbar Thobhani. The State of Wyoming has approved California-based crypto broker SFOX for a trust charter, allowing the firm to provide custodial and other crypto-related services to institutional…
Read more
Recent events in Canada sparked a global conversation about financial censorship and crypto’s potential to guard against it. Amid the barrage of last week’s regulatory news, from rumors of Joe Biden’s upcoming executive order on digital assets to another round of the Russian government’s crypto tug of war, the storyline that was arguably the most…
Read more
Avanti Financial CEO Caitlin Long said the bill had its own pros and cons, but it was “definitely a conversation-starter” for lawmakers exploring stablecoins. Four members of the Wyoming Legislature have sponsored a bill which would allow the state treasurer to issue a stablecoin. On Thursday, Wyoming State Senators Chris Rothfuss and Tara Nethercott with…
Read more
The Republican senator for Wyoming has called on her colleagues to withhold support for Fed chair Jay Powell. Republican senator for Wyoming Cynthia Lummis has argued that the Federal Reserve is “violating the law” by delaying the processing of applications from crypto-native banks to receive accounts at the central bank. In a Nov. 30 op-ed…
Read more
Nebraska could follow Wyoming and open its first crypto bank should the bill pass the final round. Lawmakers in the U.S. state of Nebraska have taken another step towards passing a bill that will allow state banks to offer cryptocurrency services. According to a May 19 tweet from Senator Julie Slama, the legislature called LB…
Read more
