Favorable Regulation, Abundant Energy Turning Wyoming Into A Bitcoin Hub

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Friendly and precise regulation, abundant energy sources, and a thriving innovation landscape drive Wyoming to become the next bitcoin state. CNBC talked with Avanti CEO Caitlin Long and Sen. Cynthia Lummis, who both live there, to gauge what’s behind the state’s fast-tracking on Bitcoin innovation.

The state of Wyoming has been taking steps to become a hotbed for bitcoin companies by approving friendly legislations and clarifying existing ones. The state has already passed 26 blockchain-related bills, including a new type of charter for bitcoin banks – which have also been assured quick approval by the regulatory agencies there.


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