U.S. Senator Cynthia Lummis, one of the main drafters of the CLARITY Act, said on Oct. 2 that Wyoming has chartered the first digital asset banks in the United States and established a legal framework around them. Lummis also said Wyoming’s banking division has reached a cooperation arrangement with the New York State Department of Financial Services. Under that arrangement, entities engaged in digital asset-related business will face a simplified chartering process and joint supervision. The statement points to Wyoming’s continued push to build state-level rules for digital asset businesses while coordinating oversight with New York regulators.
According to BlockBeats, U.S. Senator Cynthia Lummis, one of the main drafters of the CLARITY Act, said on Oct. 2 that Wyoming has chartered the first digital asset banks in the United States and put a related legal framework in place.
Lummis also said Wyoming’s banking division has reached a cooperation arrangement with the New York State Department of Financial Services. The two sides will apply a simplified chartering process and joint supervision to entities engaged in digital asset-related business.
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