Nebraska joins the digital asset race (but Wyoming laid the tracks)
Summary
Nebraska announced it granted the first state charter for a digital asset bank in the U.S. to Telcoin Digital Asset Bank, aiming to issue stablecoins and become a fintech hub. However, Wyoming Governor Mark Gordon swiftly corrected the record, noting that Wyoming has been active in this space since 2017 and has already chartered five digital asset banks, with some being operational for years. Caitlin Long of Custodia Bank, who was instrumental in establishing Wyoming as a regulatory beacon, also criticized Nebraska's claim of being first. While Nebraska's move signals growing momentum for stablecoin banking, Wyoming is recognized for having established the foundational regulatory groundwork and infrastructure for compliant digital asset banking in the U.S. long before Nebraska's recent entry.
(Source:CryptoSlate)