Blockchain payment company Ripple Labs currently has a business registered in Wyoming.
According to government records, Wyoming Secretary-General, Ripple Markets WY LLC after submitting documents for the first time in February 2020, is listed as “active” companies. As a limited liability company in Wyoming, Ripple’s registered agent will be located in Cheyenne.
Caitlin Long on Twitter expressed : “As our encryption-friendly laws, more and more companies realize encryption, Wyoming Bite La Nevada is better registered.”
Long is the CEO of Avanti Bank & Trust, a crypto bank, and has ties to the state legislature, the Special Committee on Blockchain, Financial Technology and Digital Innovation. She said, like encryption Ripple currency should consider moving to Wyoming, Wyoming because there is no corporate tax or franchise tax, also exempt from property taxes encryption currency and sales tax.
In addition, there is US Senator Cynthia Lummis. The Wyoming state legislator was one of the first to say that crypto assets will be a key part of her legislative agenda. In response to Ripple’s news, the Wyoming State Policy Director stated that many people are “Wyoming’s biggest activists.”
Ripple doesn’t seem to move its headquarters to this crypto-friendly state because its main office is still in San Francisco. However, Ripple Chris Larsen, co-founder and CEO Brad Garlinghouse have said, they seem on the US lack of regulation and currency crypto block chain clarity dissatisfied.
Wyoming is becoming one of the most attractive US states for cryptocurrency and blockchain companies. Last year, the Wyoming Banking Commission awarded cryptocurrency exchangesKrakenA license that allows its currency as an encryption-friendly banking operations, and the Avanti green light , allowing it to receive a similar manner and managed encryption currency. Earlier this month, Tesla for $ 1.5 billion to buy bitcoins, Senator Lummis invited Andy Herron Maas, CEO of Tesla grams thinking about moving to Wyoming.