Wyoming Cryptocurrency Bank Challenges Federal Reserve Decision
A Wyoming-based cryptocurrency bank is contesting a Federal Reserve ruling that it claims encroaches on state banking autonomy. The dispute centers on constitutional questions raised by federal oversight of digital currencies, potentially undermining Wyoming's progressive crypto regulations.
The bank argues the decision could set a dangerous precedent for state-federal jurisdiction in financial regulation. This clash highlights the ongoing tension between innovative state frameworks and centralized oversight as crypto gains mainstream traction.