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Cynthia Lummis: “Wyoming created the LLC.”

Featuring: Cynthia Lummis, Republican | U.S. Senate Wyoming

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Sen. Lummis expects CLARITY Act to be ultimate foundation for crypto market structure bill

Published | Video Starts at 01:23

Wyoming was the first state, for example, to pass a special purpose depository institution statute. We have a chancery court and we've done many creative things. Wyoming created the LLC. and so we have a long history of being very first in innovation, even in the financial services space. Now, I only actually landed one of the biggest names in crypto. (01:23–01:36)

CLAIM

Asserts that Wyoming created the LLC (Limited Liability Company).

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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