NY and Wyoming Coordinate Crypto Oversight Efforts with Memorandum of Understanding

The New York Department of Financial Services and the Wyoming Division of Banking have announced a memorandum of understanding to coordinate examinations and enforcement actions for cryptocurrency firms operating in both states.

The agreement, announced on October 1, 2026, shows the value of state charters for cryptocurrency firms according to Wyoming Banking Commissioner Jeremiah Bishop.

Bishop stated that 'This MOU shows the strength of the state regulatory system as an example of two leading regulators in this space working together to better the effectiveness in supervision.'