RATE Group | Blockchain: Can Wyo. woo a digital revolution? Should it? | Local News
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Blockchain: Can Wyo. woo a digital revolution? Should it? | Local News

Blockchain: Can Wyo. woo a digital revolution? Should it? | Local News

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When Rep. Tyler Lindholm, R-Sundance, a tall, rail-thin and ascendant young lawmaker, brought a bill in 2016 to make cryptocurrencies legal in Wyoming, he didn’t get far.

The House Minerals, Business and Economic Development Committee killed the bill 5-4.

Cryptocurrency – a melding of digital wizardry called blockchain with a quest for decentralized, manipulation-free currency – returned to the Wyoming Legislature in 2018. That year, Lindholm and other lawmakers pushed several more bills, including a measure exempting cryptocurrencies – dubbed “virtual currencies” in Wyoming statute – from property taxes, and another allowing blockchain tokens to be exchanged as cash, not securities as they are under most legal structures.

The lawmakers championing those early bills were aided by a sudden influx of young, tech-savvy crypto industry representatives – diverse faces that stood out in the halls of the Wyoming state capitol. Helming efforts…

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