Gordon and Lummis support Wyoming’s rise in digital finance

CHEYENNE — Governor Mark Gordon and Senator Cynthia Lummis (R-WY) welcomed news that the Federal Reserve has announced the opening of a comment period for proposed “Account Access Guidelines for the Reserve Banks.”

In a press release, Gordon and Lummis said this is “a critical step towards approval of Wyoming-chartered special purpose depository institutions (SPDIs).”

SPDIs are custodial banks for digital assets that provide safekeeping and on- and off-ramps to the capital markets. Wyoming’s digital asset framework is the first comprehensive digital asset regulations in the United States.