Share this article
Vermont Approves Blockchain Impact Study
The governor of Vermont has signed a bill that mandates a study on how blockchain tech will impact the state.
By Stan Higgins
Updated Sep 11, 2021, 1:26 p.m. Published Jun 13, 2017, 4:35 p.m.
Make us preferred on Google
The governor of Vermont has signed a bill that mandates a study on how blockchain tech will impact the state's job market and ability to generate revenue.
The bill approves a study, due be delivered by 30th November, that will include "findings and recommendations on the potential opportunities and risks presented by developments in financial technology" including blockchain. Vermont governor Phil Scott signed the measure into law on 8th June.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
State lawmakers finalized the measure in May, coming months after it was first introduced in March. The bill's authors struck a proactive note in the text, suggesting that the tech could lead to new opportunities for Vermont.
They wrote:
"The existing Vermont legislation on blockchain technology and other aspects of e-finance have given Vermont the potential for leadership in this new era of innovation as well, with the possibility of expanded economic activity in the financial technology sector that would provide opportunities for employment, tax revenues, and other benefits."
The study is set to be prepared by a working group that includes representatives from the Vermont Attorney General’s Office, the Department of Financial Regulation and the Vermont Law School’s Center for Legal Innovation.
Vermont State House image via Shutterstock
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Circle’s biggest bear just threw in the towel, but warns the stock is still a crypto roller coaster
Circle’s rising correlation with ether and DeFi exposure drives the re-rating, despite valuation and competition concerns.
What to know:
- Compass Point’s Ed Engel upgraded Circle (CRCL) to Neutral from Sell and cut his price target to $60, arguing the stock now trades more as a proxy for crypto markets than as a standalone fintech.
- Engel notes that CRCL’s performance is increasingly tied to the ether and broader crypto cycles, with more than 75% of USDC supply used in DeFi or on exchanges, and the stock is still trading at a rich premium.
- Potential catalysts such as the CLARITY Act and tokenization of U.S. assets could support USDC growth, but Circle faces mounting competition from new stablecoins and bank-issued “deposit coins,” and its revenue may remain closely linked to speculative crypto activity for years.
Top Stories
