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Cynthia Lummis: “Wyoming was the first state to pass a special purpose…”

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 01:12

They get to try things out, see what succeeds, see what fails, and then can bring them to national attention. And that's what has happened with Wyoming and digital assets. Wyoming was the first state to pass a special purpose depository institution statute. We have a chancery court and we've done many creative things. Wyoming also created the llc and so we have a long history of being very first in innovation, even in the financial services space. (01:12–01:19)

CLAIM

Asserts that Wyoming was the first state to pass a special purpose depository institution statute.

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