Bulls, Bills, and Blue-Sky Thinking: How Wyoming Became the Blockchain State

The Wyoming blockchain movement, one of the winningest advocacy efforts of its kind in the United States, started with an act of charity. In the summer of 2017, Caitlin Long, a lanky, self-effacing former managing director at Morgan Stanley, wanted to endow a scholarship for female engineers at her alma mater, the University of Wyoming. She had donated before, but this time was different: She wanted to make her contribution not in cash but bitcoin.