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.
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
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
