Caitlin Long testifies to Wyoming legislature about blockchain benefits
Wyoming blockchain advocate Caitlin Long provides testimony on the benefits of blockchain and Bitcoin to state lawmakers.
On October 3, 2018, Caitlin Long, founder of Avanti Bank & Trust and a prominent advocate for blockchain and cryptocurrency legislation, provided formal testimony before the Wyoming House Committee on Corporations regarding the benefits of blockchain technology and Bitcoin adoption for state-level financial innovation.
During her presentation, Long outlined the advantages of blockchain for improving transparency, efficiency, and security in financial transactions. She emphasized how Wyoming’s progressive legal framework, including its recently passed digital asset legislation, could position the state as a national hub for cryptocurrency business.
Her testimony included case studies from companies seeking bank charters for cryptocurrency operations, highlighting the potential economic and employment benefits. Media outlets such as CoinDesk and The Block reported on her remarks, noting her advocacy as instrumental in shaping favorable regulatory policies. Long also addressed questions from legislators regarding custody standards, compliance requirements, and the integration of blockchain-based solutions within traditional banking structures.
The session underscored the growing collaboration between experienced crypto professionals and policymakers in shaping the regulatory environment to support innovation while maintaining investor protections, reinforcing Wyoming’s leadership in U.S.cryptocurrency policy.