Monday, October 26, 2020

Nice work

It took two years of infrastructure building but on Sept. 16 the Wyoming Division of Banking finally landed a prominent pioneer.

That’s when Kraken Financial became the first entity to receive a special purpose depository institution (SPDI) charter in the Cowboy State, giving the cryptocurrency industry insight into roughly how long it takes to become a bank. It’s also the first newly chartered (de novo) bank the state has approved since 2006.

While Kraken Financial still has some hoops to jump through before it has a certificate of authority to operate, Wyoming is running to keep its lead in the digital asset space. And it’s a priority shared by the state’s top elected official, Wyoming Gov. Mark Gordon.

Now, compare this to the governor of South Dakota who plans to carve a stature of Trump into a mountain

‘A Good Idea To Me!’: Trump Denies Asking South Dakota Governor To Add Him To Mount Rushmore

This is Apples to Oranges. we can't have intelligent rule unless all small states get a clue. We intend to punish Wyoming for the bonehead governor in South Dakota. Collective punishment, we do not have a choice.

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