Software engineer Jae Yang got a lot of questions from friends when he moved from Silicon Valley with plans to launch his cryptocurrency exchange not in the up-and-coming urban crypto hubs of Miami or Austin, Texas, but the windswept plains of southeastern Wyoming.
While the collapse of the massive FTX exchange and recent arrest of its founder, Sam Bankman-Fried, have compounded concerns about crypto, Wyoming remains full-steam ahead in wooing the industry. It has enacted a suite of new laws — with possibly more to come — seeking to make the industry more regulated and reputable to attract businesses like Yang's.
