NYDFS and Wyoming Sign Crypto Oversight MOU

Regulators in New York and Wyoming have signed an agreement to coordinate oversight of crypto firms operating in both states. The memorandum of understanding (MOU) is designed to reduce friction for companies navigating separate licensing and supervision processes while strengthening regulators' ability to act on compliance and enforcement issues.

The MOU covers licensing, examinations, information sharing, and how regulators may pursue enforcement. It applies not only to firms already regulated in New York or Wyoming but also to companies seeking approval in both jurisdictions.

Under the agreement, NYDFS and Wyoming's Division of Banking will coordinate licensing and supervisory reviews for crypto companies active in both states. Regulators plan to share analysis and historical examination data to streamline applications and align examination schedules.