Wyoming and New York partner on joint oversight of digital asset banks
- —Wyoming and NYDFS will jointly supervise digital asset firms
- —Goal is to streamline chartering and oversight of crypto banks
- —Wyoming set its framework via the 2019 SPDI Act
- —Lummis sees the pact as a model for a national standard
Why it matters: Coordinated oversight between two states could serve as a template for federal rules and reduce regulatory uncertainty for crypto banks.
Source: Coinfomania