Wyoming passes bill exempting some tokens from securities laws

The US state of Wyoming has passed a historic bill that exempts cryptocurrency tokens from securities laws, as long they are positioned as utilities, not investments.

The first explicit token legislation, HB 70, dubbed the "utility token" bill, was first introduced about two months ago and now needs to be signed into law by Governor Matt Mead.
The bill states that a person who develops sells or facilitates the exchange of an open blockchain token is not subject to specified securities and money transmission laws.

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