Created: Aug 23, 2025 01:00 PM
David Burt, the Premier of Bermuda, met with Cynthia Lummis, the senator from Wyoming, at the 2025 Wyoming Blockchain Symposium in Jackson Hole (Photograph courtesy of Cynthia Lummis/X)
David Burt, the Premier, has returned after leading a delegation to the 2025 Wyoming Blockchain Symposium in Jackson Hole, where he spotlighted Bermuda’s progressive digital finance framework on the industry’s main stage
The invitation-only event, hosted by Salt, a digital finance thought leadership forum, and Kraken, a crypto exchange, with the support of the University of Wyoming’s Centre for Blockchain and Digital Innovation, gathered more than 350 senior policymakers, regulators and investors. This year’s programme focused on digital asset regulation, innovation and public-private collaboration.
Mr Burt appeared on the main stage for a fireside chat titled “Bermuda’s Approach to Digital Finance”, where he promoted the island’s reputation as a global leader in the sector.
“Bermuda continues to be recognised globally as a leader in digital finance regulation,” he said. “Last year, Bermuda’s presence at this high-quality event yielded new licensed companies and brought Salt to Bermuda to host the Digital Finance Forum. This year, a larger delegation was necessary as we engaged with [United States] regulators from the new Trump Administration. I fully expect that more companies will be licensed in Bermuda following our engagements in Wyoming, creating new jobs and opportunities for Bermudians.”
This response comes against a backdrop of sustained development in Bermuda’s blockchain and fintech ecosystem. As early as 2018, the Government established a task force to explore utility‑token regulations, with the aim of crafting a regulatory framework to embrace utility tokens, and create jobs and education opportunities for Bermudians.
The Bermuda Monetary Authority’s ultimate legislation, passed that year, earned recognition beyond the island: a US Securities and Exchange Commission official applauded Bermuda’s forward‑looking Digital Asset Business Act as a model other jurisdictions might emulate.
During his trip, the Premier also highlighted Bermuda’s regulatory bridge with Wyoming, created in 2021 through a memorandum of understanding between the BMA and the Wyoming Division of Banking.
The delegation met with Michelle Bowman, Vice-Chairman of the Federal Reserve; Christopher Waller, governor of the Fed board; and Paul Atkins, chairman of the SEC; as well as Cynthia Lummis, the senator from Wyoming and members of the Wyoming Stable Token Commission.
Ms Lummis posted on X: “Great to continue building a strong relationship between Wyoming and Bermuda. Thank you [Mr Burt] for your leadership in digital assets.”
Mr Burt was joined by representatives from the Ministry of Finance, the BMA and the Washington Office.
Another attendee, Merris Badcock, vice-president of industry relations at Digital Chamber, posted: “Wyoming was a success! Loved spending time with crypto champions like [Ms Lummis], [Eric Trump] and always great to see our friend the Premier of Bermuda.”
In May, Bermuda hosted its inaugural Digital Finance Forum, a three-day event that blended policy, innovation and tokenisation. Government‐backed “Community Day” distributed $100 in USDC to attendees for use in a vendor village.
Mr Burt has said that island residents and businesses using digital dollars in everyday transactions is the next frontier in the space.
“The current state of digital finance in Bermuda is growing and blossoming, and we have a huge opportunity in this sector,” he said at the time.
