New York, Wyoming regulators sign pact to coordinate crypto oversight
New York and Wyoming regulators signed an agreement to coordinate oversight of crypto firms operating in both states. The NYDFS and Wyoming Division of Banking will share analysis, examination data, market trends, and supervisory information, and may coordinate or jointly conduct licensing reviews, examinations, and enforcement actions. The pact covers firms already regulated in either state as well as applicants seeking approval in both. It also creates an expedited review path for certain firms licensed or chartered in one state for at least three years and not under enforcement action, with a target decision in the second state within six months. The agreement connects New York’s stricter BitLicense regime with Wyoming’s more crypto-friendly framework.
