While Wyoming is being cheered on for friendly crypto regulations, Illinois is driving away any chance of crypto innovation.
Illinois Senate Bill 1887 was увео on Feb. 9. The Digital Property Protection and Law Enforcement Act in the state includes digital transactions and the execution of smart contracts. It notes “provisions concerning protection of digital property and contract rights, безбедност interests, and service of process.”
Illinois and Wyoming Crypto Regulation Bills are Poles Apart
While the bill is still pending in the Senate Assignments Committee, some have identified its flaws. Drew Hinkes, Partner at K&L Gates and Adjunct Professor at NYU School of Law, called the crypto bill a ‘mess.’
Source: https://beincrypto.com/crypto-regulation-camps-divided-u-s-lawmakers-draw-lines/