Following Tesla's groundbreaking Bitcoin proclamation, pro-crypto Senator Cynthia Lummis gear up out the welcome mat for Elon Musk in her home state of Wyoming.

Taking to Twitter yesterday, Lummis invited the Tesla and SpaceX CEO to consider relocating to "one of the most business concern friendly states" with "the best laws for digital avails" in the The states. The offer followed the news that Tesla had purchased $1.5 billion in Bitcoin (BTC) and would be accepting the crypto asset for payments.

Lummis' printing secretary Abegail Cavern told Cointelegraph that the state had adult a regulatory framework that rewarded innovation, especially in the digital asset space. She cited a number of incentives that could potentially describe the Tesla CEO to Wyoming, including having no corporate or personal state income tax.

"Tesla is all near innovation, and information technology's great to run into this American success story recognizing the value of digital avails," said Cave. "Should Elon Musk or his companies ever need a new home, they couldn't find a better place than Wyoming."

Wyoming is becoming one of the nigh attractive U.S. states for crypto and blockchain firms. In September, the Wyoming State Banking Board granted crypto exchange Kraken a charter to operate as a crypto-friendly banking concern. The post-obit month, regulators gave Avanti Depository financial institution & Trust the green light to receive and custody crypto in a similar fashion.

Both firms and others looking to Wyoming every bit a regulatory safe haven have been assisted past efforts from Caitlin Long, a onetime Wall Street executive and electric current CEO of Avanti Depository financial institution. Long, associated with the Select Committee on Blockchain, Financial Engineering science and Digital Innovation Technology in the state legislature, has helped enact many blockchain-enabling laws in Wyoming.

Less than a month into her starting time term equally a U.S. senator, Senator Lummis said she volition focus on legislating digital assets. Last week, she was assigned to the Banking Committee, responsible for fiscal regulation in the state.