Nevada’s governor wants to establish innovation zones that’ll give tech companies the ability to establish laws—and one crypto frim is interested.
In an apparent attempt to barrel the country towards its inevitable cyberpunk dystopia, Nevada’s governor announced a proposal on Friday that would give tech companies jurisdiction and power akin to county governments. Gov. Steve Sisolak wants to allow tech companies to be able to create “Innovation Zones” in Nevada, according to The Associated Press. These zones will be governed by an assigned board of three people (two of whom are appointed by the company itself). That board will have the power to determine and govern everything from taxing, to zoning, to even laws that would supersede local county ordinances. That’s right: They want to give tech companies the ability to write their own laws. In order to qualify, the companies need to own at least 50,000 acres of land in one Nevada county and promise to invest $1.25 billion into the development. “Innovation zones are a unique and bold idea that I understand will not be received immediately with open arms,” Sisolak told the Reno Gazette Journal without a hint of irony on Friday.
