blockchain-based payment company Ripple Labs registered business in Wyoming, according to Coin Telegraph.
According to the records of the Wyoming Secretary of State, Ripple Markets WYLC's case as a local company was listed as active after its initial submission in February 2020. As a Wyoming LLC, Ripple's registered agent will be based in Cheyenne.
As Caitlin Long said on Twitter that more cryptocurrency companies are realizing that Wyoming is a better home than Delaware because of our friendly cryptocurrency laws.
Long is the CEO of Digital Avanti Bank and Trust and is associated with the State Legislature Select Chain Committee on Blockchain, FinTech, and Digital Innovation.
She said cryptocurrency companies like Ripple should consider moving to Wyoming because there is no corporate or franchise tax in the state, and cryptocurrencies are tax-exempt. Property and sales.
In addition, US Senator Cynthia Loomis is present. A Wyoming lawmaker was one of the first to say that digital assets will be a core part of her legislative agenda.
In response to the Ripple news, the director of state policy told Loomis that many people are extremists in Wyoming.
It's not as if Ripple is relocating its headquarters to the cryptocurrency-friendly state as its head office is still listed in San Francisco.
However, both Ripple Co-Founder Chris Larsen and CEO Brad Garlinghouse said they were unhappy with the apparent lack of regulatory clarity about cryptocurrencies and blockchain in United States.
