- Casino
- Bitcoin Casinos
- Blacklist
- Real Money Casinos
- Reviews
- Strategy Guides
- Sweepstakes Casinos
- US Online Casinos
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Georgia
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Maryland
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- Slots
- Free Slots
- Ancient Slots
- Animal Slots
- Buffalo Bounty
- Chase the Turkey
- Fortune Frog
- Four Mighty Beasts
- Genesis Island
- Jungle Stripes
- Kraken Deep Wins
- Panda Playtime
- Polar Heatwave
- Purrfect Pets
- Rabbit’s Riches
- Safari Stampede
- Sea Treasures
- Shark Spin
- Stampede
- The Exterminator
- The Ingot Ox
- Tiger Temple
- Under the Sea
- Wilderness Wins
- Wolf Moon Rising
- Asian Slots
- 4 Seasons
- 15 Dragon Pearls
- Buddha Fortune Hold and Win
- Cai Hong
- Dragon & Phoenix
- Dragon Kings
- Empire of Riches
- Journey to the West
- Lucky Macau
- Make You Rich
- Moon Sisters Hold and Win
- Mr. Macau
- Mythical Creatures
- Oriental Flower
- Prosperous Bloom
- Storm Lords
- Super Rich God Hold and Win
- Thai Blossoms
- Twin Dragons
- Winds of Wealth
- Classic Slots
- Food Slots
- Gold Slots
- Horror Slots
- Jungle Slots
- Magic Slots
- Sports Slots
- Slot Developers
- Poker
- Sports
- Esports
- Home
- Blockchain
- Ripple Enters Crypto-Friendly Wyoming as a Limited Liability Company
Ripple Enters Crypto-Friendly Wyoming as a Limited Liability Company
Thanks to the crypto-friendly laws, more crypto companies are entering Wyoming. World-famous enterprise blockchain company, Ripple, is now registered as a limited liability company in the state, according to records by the Wyoming Secretary of State.
Wyoming Is a State with Crypto-Friendly Laws
Ripple, the enterprise blockchain company, is registered as a limited liability company in Wyoming. Records from the Wyoming Secretary of State confirm that Ripple Markets WY LLC is listed as an active local business. The active status of the company means that the company has met all filing requirements of the Secretary of State’s Office.
Ripple’s registered agent is based in Cheyenne, Wyoming. In other words, by having a registered agent, the company can receive service of process as well as other financial documents. Although Ripple has a registered agent in Wyoming, the company’s headquarters remains in San Francisco.
According to Caitlin Long, founder, and CEO of Avanti Bank & Trust, more crypto companies are coming to Wyoming after realizing that the state is a “better domicile than Delaware“. In a recent post on Twitter, the 22-year Wall Street veteran acknowledged that Wyoming has crypto-friendly laws. Furthermore, she said that crypto companies are exempt from state corporate tax. Crypto companies are also exempt from franchise tax as well as property and sales tax in Wyoming.
Legal Dispute between SEC and Ripple Continues
Last week, the U.S. Securities and Exchange Commission (SEC) updated its complaint which was filed against Ripple in December. The Commission claims that the company breached security laws by not registering a 14.6 billion XRP tokens sale. Furthermore, the regulator claimed that an “information vacuum” was created for the 2013 sale which resulted in investors not being informed.
However, Ripple’s lawyer, Mary Jo White disagreed with the claims made by SEC. Besides a lawyer for the company, she is in fact also a former chair of SEC. Speaking for Fortune last week, White rejected the claims made by the Commission. Furthermore, she stressed that SEC is “wrong legally and factually”.
At the time of reporting, XRP’s market cap is $25,9 billion. The currency’s current trading price is $0.5674.
Jerome is a welcome new addition to the Gambling News team, bringing years of journalistic experience within the iGaming sector. His interest in the industry begun after he graduated from college where he played in regular local poker tournaments which eventually lead to exposure towards the growing popularity of online poker and casino rooms. Jerome now puts all the knowledge he's accrued to fuel his passion for journalism, providing our team with the latest scoops online.
Must Read
Blockchain
September 27, 2024
Binance Collaborates with India Authority, Brings Down Massive Scam
Blockchain
September 23, 2024
Motherland Casino by Iggy Azalea Set to Boost MOTHER Token
Blockchain
September 19, 2024
Trump Becomes the First US President to Complete a Bitcoin Transaction
More Articles
Casino
October 3, 2024
Caeasars Launches Horseshoe Online Casino, Exit WynnBET
Legal
October 2, 2024
Former Jaguars Employee Sues FanDuel from Prison
Industry
October 2, 2024
VGW Exits Connecticut Amid Pushback Against Sweepstakes