Cryptocurrency advocates are celebrating Friday after the US state of Wyoming passed a bill giving direct property rights to cryptocurrency holders.
Wyoming Senate Passes Crypto Property Bill
Bill SF0125 passed its second and third Senate readings February 13 and 14 respectively, and will now go before governor Mark Gordon for endorsement, becoming law as early as next week.
The legislation allows Wyoming residents to own cryptocurrency tokens with complete legal protection, instead of only getting this through third-party storage.
Wyoming thus becomes the first US state to enact changes in the law empowering private ownership of cryptocurrency. As former Wall Street veteran and Wyoming Blockchain Coalition member Caitlin Long notes, the decision should enact a chain reaction of interest from consumers and businesses.