Wyoming House Unanimously Passes Bill Exempting Utility Tokens from Securities Laws

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The Wyoming House of Representatives has unanimously approved a bill exempting utility tokens from securities laws, marking the latest victory in the quest to make the state a favorable environment for blockchain startups.

Wyoming House Unanimously Passes Bill Exempting Utility Tokens from Securities Laws

House Bill (HB) 70, which on Monday passed the House 60 to 0 and will now head to the Senate, explicitly exempts utility tokens from state securities regulations, a key factor in attracting initial coin offering (ICO) launches to the state.

WOW!!! #Wyoming HB 70 #ICO #utilitytoken bill just passed the House UNANIMOUSLY!!!!! On to the Senate next! @coincenter @BKBrianKelly @ConsenSys @Tyler_Lindholm #bitcoin #blockchain

— Caitlin Long (@CaitlinLong_) February 19, 2018

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