Bitcoin Cowboys: Will Wyoming Become the Next Crypto Capital?
A Regulatory Transparency Project Fourth Branch Video
A Regulatory Transparency Project Fourth Branch Video
As SEC Chairman Gary Gensler has said, cryptocurrency is “standing astride” the regulatory system – not falling neatly into the historical regulatory framework created by federal agencies and state regulators.
Wyoming – a state renowned for cowboy towns and national parks – is taking steps towards becoming the cryptocurrency capital of the United States by adopting novel regulatory policies, including establishing the first Special Purpose Depository Institution (SPDI) bank charter that allows institutions to house cryptocurrency alongside USD deposits with 100% backing of digital assets. Will Wyoming’s unique approach allow it to become the center of this innovative industry, or will it be a cautionary lesson of what can go wrong when straying from established regulatory norms?
In this Fourth Branch video, regulatory and cryptocurrency experts discuss this question and more.
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As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.
Executive Director, Coin Center
Jerry Brito is executive director of Coin Center, a non-profit research and advocacy center focused on the public policy issues facing cryptocurrency technologies such as Bitcoin.
Now, steel yourself for some serious signaling and credentialism:
Jerry lives in Annandale, Virginia, with his wife Kathleen, daughter Penny Lane, and their dog Jerkface.
Assistant Professor of Law, Willamette University
Professor Grey’s research focuses on the legal design and regulation of money and finance, including digital fiat currency, as well as broader issues of law and political economy. He teaches Contracts, Business Organizations, and Securities Regulation. He previously co-taught seminars on Fintech and Monies with Professor Robert Hockett at Cornell Law School, where he was a fellow with the Clarke Business Law Institute’s Program on the Law and Regulation of Financial Institutions and Markets, and facilitated a reading group on Law, Money, and Finance at Columbia Law School with Professor Jeffrey N. Gordon.
Lecturing Fellow, Duke University
Lee Reiners is a lecturing fellow at the Duke Financial Economics Center at Duke University. At Duke, Reiners has taught classes on FinTech Law and Policy, Cryptocurrency Law and Policy, Financial Regulatory Policy, Climate Change and Financial Markets, and Cybersecurity Law and Policy. Reiners is widely recognized for his unbiased commentary and analysis on cryptocurrency regulation, and he has testified three times on the subject before the U.S. Congress.
