Kraken’s relocation to Wyoming aligns with the anticipated implementation of federal crypto legislation, including the GENIUS Act, which will require US agencies to finalise oversight, licensing and enforcement rules

Quotes that support claims

Upon enactment, agencies (Fed, OCC, FDIC, CFTC, etc.) have 180 days to issue final rules capturing oversight, reserve requirements, audits, licensing, disclosures, and enforcement protocols. This means that the bill will become law in February 2026.

Trump is pushing for the bill to pass because if the House fails to act by August, the GENIUS Act risks losing momentum.