Blockchain Advocacy Group Launched in Wyoming

A new blockchain advocacy group headquartered in Wyoming includes a former state governor, the mayor of its current state capital and the CEO of Overstock.com among its founding membership.

The Wyoming Blockchain Coalition was announced on Tuesday, aimed at advancing use of the technology within the state. The group intends to lobby for eased regulatory burdens and the creation of a more business-friendly environment for blockchain companies.

Past moves on the part of some Wyoming lawmakers suggests the group might find a warm reception. In January 2016, a group of lawmakers released a bill which sought to make it easier for companies seeking to offer cryptocurrency exchanges to operate. At the time, it was framed as an effort to win back firms that had departed previously because of the regulatory environment there.

Those supporting the effort are also seeking to advance public-sector applications of the tech as well.

"The mission of the Wyoming Blockchain Coalition is to educate Wyoming citizens about the power of blockchain technology to cut costs, streamline administrative processes and spur entirely new businesses in Wyoming.” David Pope, the group's executive director, said in a statement.

Among the group's listed backers are former Wyoming governor Jim Geringer, current Cheyenne Mayor Marian Orr, Overstock.com CEO Patrick Byrne, Symbiont chairman and president Caitlin Long, and two deans from the University of Wyoming, among others.

Wyoming welcome sign image via Shutterstock