A few bills relating to cryptocurrency are being voted as we speak in the state of Wyoming.
Some of the progress of those bills can be seen here:
(Source:
)https://twitter.com/CaitlinLong_/status/963899114210476032
- CaitlinLong_
As you can see, things are progressing nicely for cryptocurrency fans.
I first mentioned this as a possible catalyst earlier in the week.
The post can be read here:
https://steemit.com/bitcoin/@jrcornel/possible-catalysts-for-bitcoin-this-week
Which bill in particular should we be focused on?
All of them are important in their own way, but that second one, the one related to ICOs is particularly important in my opinion.
They are working on amending current money transmitter laws to exempt utility coins from falling under said laws.
The result would greatly encourage technological innovation in the region and perhaps something that could be copied by other states.
Bitcoin having a banner day today.
Not to say that the positive price action is solely related to what is going on in Wyoming, because it isn't.
Though, it might be a small contributing factor.
Most likely, the positive price action has to do with some positive comments coming from Goldman Sachs earlier today saying that Bitcoin might indeed end up being a very good store of value due to its limited supply and ease of transfer.
Very real possibility it displaces gold at least to some degree.
I tend to agree with them.
Stay informed my friends.
