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This Western State Wants to Be America’s Crypto CapitalCheyenne, Wyoming's capital city of 65, people, is home to a U.S. Wyoming students experiment with crypto staking, or establishing. Governor Mark Gordon has vetoed a Wyoming bill that would have created a state-backed stablecoin, cautioning that the state's reputation is at stake. · Crypto. Crypto currency in Wyoming is tax-free at the state-level. Wyoming has no state taxes on crypto earnings, transactions, personal income.