New York and Wyoming have announced a collaborative effort to regulate the crypto industry in the United States. This initiative comes as the Office of the Comptroller of the Currency prepares to release the final rules for the GENIUS Act by the end of the month. The GENIUS Act, enacted in July 2025, allows certain stablecoin issuers to operate under state regulations deemed equivalent to federal standards while maintaining federal oversight for larger issuers. Both New York and Wyoming, with established crypto regulatory frameworks, are poised to play central roles in this state-federal regulatory alignment.
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