February 24, 2021

Ripple registered a firm in Wyoming

Ripple registered a firm in Wyoming

Ripple Labs is preparing to move to Wyoming and has already registered a new legal entity.

Ripple Markets WY LLC incorporated as a limited liability company in Wyoming and now has an official agent in the Cheyenne area.

The company mentioned its plans to change its jurisdiction last fall. Amid a protracted legal battle with the SEC, Ripple made the final decision to move to Wyoming.

Over the past 2 years, Wyoming has become an economica hub for crypto companies. In October 2020, the American crypto exchange Kraken received approval from the Wyoming Banking Council to become a crypto bank. Less than two weeks later, Avanti Bank & Trust received permission to accept and store cryptocurrency.

Following Tesla's investment in BTC, Senator Lamis invited Elon Musk to consider moving to the state.

CRipple registered a firm in Wyoming

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