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Wyoming Is the Least Populated State in the Country. Its Part-Time Legislature Wrote the Crypto Banking Rules Congress Still Hasn't.
Wyoming's part-time, 90-member legislature has passed more blockchain and digital-asset laws since 2018 than any other state or Congress -- written largely by one former Wall Street executive turned state legislator. Its banking bet hasn't fully paid off: Custodia Bank lost a five-year fight for a Federal Reserve account in 2026.
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Where this connects
The government picks winners two ways. Only one shows up in the record.
The CHIPS Act is a government finger on the market anyone can look up -- named recipients, filed with Congress. The CIA's venture arm, In...
The third position on the same dial: the government just started owning the company
Since mid-2025, the US government has taken direct equity stakes in Intel, MP Materials, USA Rare Earth, and GlobalFoundries -- not fundi...
The Electoral College Needs 270 Votes to Decide a President. A Vote in Wyoming Is Worth 3.7 Times a Vote in California.
The Electoral College weights votes unevenly by design: Wyoming's 588,753 people share 3 electors, while California's 39.5 million share ...
The Federal Reserve Has Held Its Most Important Annual Meeting in Wyoming Every August Since 1981. It Still Won't Give Wyoming's Own Banks a Fed Account.
The Federal Reserve has held its most closely watched annual meeting in Jackson Hole, Wyoming every August since 1981. Four hundred miles...
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