Caitlin Long: New Wyoming Law Will Protect Privacy of Wallet Keys

Wyoming Blockchain Coalition president Caitlin Long hinted at two new prospective state laws she believes will be highly popular among cryptocurrency developers and owners.

In an interview during Peter McCormack's podcast on Sept. 27, the 22-year Wall Street veteran and cryptocurrency activist reflected on the pioneering crypto legislation already passed - and reportedly planned - in her home turf, the United States state of Wyoming.

New laws would protect blockchain developers as well as privacy of wallet keys.

"Anyone in the state of Wyoming cannot be compelled in a criminal or civil or administrative or legislative hearing or anything, any other proceeding to disclose [their] private keys."

At the end of January, Wyoming Senate passed a bill - later passed by the House on Feb. 14 - that allows for cryptocurrencies to be recognized as money.

Wyoming passed a bill defining certain open blockchain tokens as intangible personal property, as well as a bill pertaining to the creation of a fintech regulatory sandbox.

This February, Wyoming passed two further blockchain-related bills on tokenization and issues with compliance.

In early 2018 both the Wyoming Senate and House of Representatives passed a bill that relaxed securities regulations and money transmission laws for certain tokens offered via an initial coin offering in the state.

A separate house bill regarding the exemption of virtual currencies from the Wyoming Money Transmitter Act was passed by the Wyoming state legislature in March 2018, as well as a house bill exempting virtual currencies from state property taxation in February.

Further pro-crypto and blockchain senate and house bills had already been passed into Wyoming law.