The state of Wyoming is arguably the most advanced of all the US States when it comes to building a comprehensive legal framework for blockchain-based businesses. Having now enacted a total of 13 blockchain laws, the state is now known as the “Delaware of digital asset law”, a reference to Delaware’s lead in corporate law. The Bills bring clarification to a whole host of blockchain-based applications by:

As far as state-level taxes are concerned, Wyoming also stands as a much friendlier jurisdiction than other states. As far as digital assets are concerned, Wyoming has exempted them from property taxes. Moreover, while sales taxes apply to tangible personal property, Wyoming has classified digital assets as intangible personal property.