As reported by CoinNess.com earlier, the U.S. state of Wyoming has given a green light to a -related bill, namely No.SF0125 bill, which recognizes digital assets as property and clears the way for banks to act as crypto custodians. Afterwards, the Wyoming House of Representatives also passed two other major bills on last Friday, Feb 15, — House Bill (HB) 0074 and HB0185. Thereinto, HB0074 is designed to address one of the major challenges to the industry in Caitlin Long’s (co-founder of the Wyoming Coalition) eyes — that “banks have not been banking the [crypto] startups,” while HB0185 was introduced last month and enables securities to be issued in tokenized form, according to CoinDesk.
Currently, the U.S. State has already passed three -related bills to enable the industry development, which also marks the recognition to the technology from the government. In terms of three bills passed by the state, CoinNess.com has interviewed ZHU Youping, a economist and the deputy director of Economic Infromation Network under the State Information Center. According to him, the state’s move is significantly important, while completely bans . Although it only makes the issued by traditional securities legal, it does not mean that the issued by other companies are lawful. Otherwise, though the U.S. government has never stated that the are illegal, the are legalized in accordance with these new bills, after all. In conclusion, the move taken by Wyoming is icebreaking, said ZHU.
He continued, since the year of 2018, the U.S. government has actually become more and more active towards : first of all, the New York financial authorities supported the stablecoin; later, the country announced the and as the currency; then, it actively promoted the release of the security offering (STO); the Securities and Exchange Commission () also endorsed Bakkt…, all of which together drove the upbeat changes of the and industries in 2019. In recent days, the uptrend of market may be influenced by the positive attitude of the U.S. government.
Wyoming’s move that it passed bills allowing securities to be issued in the form of may also drive policy changes in other states and around the world, stated the economist. Furthermore, the U.S. has absolute voice and leadership in global finance. Under the influence of the U.S. government, the rebound of and industries will be hopeful, said ZHU.
Published at Wed, 20 Feb 2019 14:12:43 +0000
