The typical approach of regulation in the United States of America has been to handle the technology as an unwanted invader since cryptocurrency was born in 2009. It was tarnished as a tool of lawbreakers. It was then condemned as a Ponzi scheme that would unavoidably collapse. And even till now, this remains a trope amongst the ruling class.
Death to the Old Way
All effort has been made to get the technology to work like the old technology now that the reality appeared that this stuff is real. This is problematic because the great quality of this new echo-sphere is specifically that it proceeds from the old way.
They all left New York.
Now businesspersons in this space are speculating whether they are even wanted in the US at all. Facebook has prohibited ads linked to blockchain technology and cryptocurrency. Google has also followed in short order. There have not been any official enlightenments but onlookers do not uncertainty that the moves come in response to burden from US regulators, who have recently come to suspect that many digital goods in this space are really systems of financial securities that essential to conform with existing regulations.
The Wyoming Way
At least one state is heading in a different direction despite all this. Wyoming has a slim population base, astounding natural beauty, and a delightful crew of politicians and regulators who believe in freedom, revolution, and technological development. Thanks to some clever activism from educated people in the space, the assembly just passed a series of bills that will build Wyoming to be something of a protected space for crypto.
The SEC makes public a sheet imprecisely threatening to clamp down but not stipulating against what or in what way, earlier in 2017. The subject is whether tokens can be outlined as securities, and, if so, find that trades are a defilement of vending non-regulated securities to unaccredited investors.
Take note that, the Wyoming Blockchain Coalition, principally its president and chairman Caitlin Long, has done good work to tutor people in Wyoming about the profits of becoming a crypto-friendly state.