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Proskauer Rose LLP | USA | 25 May 2023

Part I: With New DAO Law on the Books, Utah Joins Race with Wyoming and Tennessee to Become U.S. “Crypto Capital”

Little-known legal trivia: In 1977 Wyoming was the first state to pioneer the LLC, which is now a commonly applied legal innovation. Fast forward…
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Kurtin PLLC | British Virgin Islands, Cayman Islands, Curacao, etc. | 17 Apr 2023

Special Purpose Vehicles: Uses and Abuses

Special Purpose Vehicles (“SPVs”), or Special Purpose Entities, are interchangeable terms for a subsidiary company formed by a parent company…
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Orrick, Herrington & Sutcliffe LLP | USA | 31 Mar 2023

Wyoming to issue stable tokens

On March 17, the Wyoming governor signed SF 127 enacting the Wyoming Stable Token Act, creating the Wyoming stable token commission, and authorizing…
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Sidley Austin LLP | USA | 30 Mar 2023

U.S. Federal Reserve Board Denies Crypto Bank Application for Reserve System Membership Based on "Fundamental Concerns"

Custodia (formerly known as Avanti) is a Wyoming-chartered special-purpose depository institution (SPDI), a type of financial institution created by…
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Cadwalader Wickersham & Taft LLP | USA | 28 Feb 2023

State Legislative Developments: Florida Goes One Way - Arizona, Indiana, North Dakota and Wyoming Go The Other

On February 13, 2023, Florida Governor Ron DeSantis (R) announced his support for what his office described as “comprehensive legislation to protect…
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Kurtin PLLC | USA | 9 Jan 2023

Wyoming's Digital Assets and DAO Laws and How to Use Them

Wyoming, a northwestern U.S. state with a population of approximately 580,000, the smallest among U.S. states, has since 2019 become a blockchain…
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Kurtin PLLC | USA | 5 Dec 2022

SEC Seeks to Stop Allegedly Misleading Crypto Asset Securities Offering Registration

On November 18, 2022, the Securities and Exchange Commission ("SEC"), the U.S. securities regulator, instituted administrative proceedings to stop a…
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Brownstein Hyatt Farber Schreck LLP | USA | 15 Nov 2022

Wyoming 2022 Midterm Election Results and Analysis

The Wyoming General Election was held on Tuesday, Nov. 8, 2022. As expected, Republicans prevailed and continue to hold all statewide constitutional…
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Kurtin PLLC | USA | 13 Sep 2022

Using Wyoming's Crypto/Digital Assets and DAO Laws in Company and Fund Formation and Digital Asset Securities Offerings

Wyoming, a northwestern U.S. state with a population of approximately 580,000, the smallest among U.S. states, has since 2019 become a blockchain…
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Holland & Hart LLP | USA | 22 Jul 2022

Very Bad Year for Wyoming Noncompetes (And What You Can Do To Improve Yours)

The Wyoming Supreme Court decided four cases in the last 12 months against the enforcement of employees’ agreements not to compete with their former…
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