What does Bitcoin’s bust mean for Wyoming’s cryptocurrency industry focus?

The recent collapse of cryptocurrency prices raises new questions about Wyoming’s pursuit of the blockchain industry: namely, whether the would-be economic stabilizer is, in fact, another volatile boom-and-bust industry.

“Today’s announcement is encouraging news and the culmination of an extended effort where Wyoming took the lead,” Gov. Mark Gordon said at the time. “This was an unprecedented task and I appreciate the collaborative work that has occurred throughout the process. I’m committed to ensuring that Wyoming remains a national leader in the digital asset realm.”

by Nick Reynolds