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<aside> 📅 The next meeting of the Stable Token Commission is expected to take place on Thursday, March 23, 2024 at 9:00am - 12:00pm MT. The meeting will be held in-person at the Wyoming Capitol Auditorium and will be accessible remotely via Zoom.
⇒ Zoom Link: coming soon. **⇒ Meeting Materials: coming soon.
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<aside> ❗ **Amendments to the Stable Token Act were passed on March 18, 2024, which allow the Commission to meet its procurement needs through a competitive bidding process. These amendments are effective immediately.
The Stable Token Commission’s one-time budget request of $5.8M was approved as part of the biennial budget bill, which was passed on March 23, 2024. Funds will become available to the agency on July 1, 2024.**
Additional details will be forthcoming in public meetings held by the Commission. Refer to the updated 2024 Budget Session Review Memo for further information.
Information for potential Vendors and Subject Matter Advisors have been updated on the following pages: ⇒ Procurement For organizations (i.e., Vendors) that may wish to propose their paid services to the Commission to facilitate the development of the WYST. ⇒ Subcommittees For individuals (i.e., Subject Matter Advisors) who may wish to provide guidance to the Commission through ad hoc working groups.
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Table of Contents
The Wyoming Stable Token Commission (the “Commission” or “STC”) was established in March 2023 with the passage of Senate Enrolled Act 85: Wyoming Stable Token Act, which authorizes the Commission to issue Wyoming Stable Tokens (”WYST”).
Key amendments to the Stable Token Act were passed during the 2024 Budget Session as Senate Enrolled Act 44: Wyoming Stable Token Act - amendments.
WYST is a proposed virtual currency representative of and redeemable for one (1) United States dollar held in trust by the state of Wyoming as provided by W.S. 40‑31‑106. Stable tokens shall only be issued in exchange for United States dollars.
As allowed under the enacting legislation, the Commission includes the Governor or the Governor's designee; the Auditor or the Auditor's designee; the Treasurer or the Treasurer's designee; and four additional subject matter experts: Flavia Naves, David Pope, Jeff Wallace, and Joel Revill. Anthony Apollo was appointed Executive Director of the Commission on September 18, 2023.
We appreciate your interest, and look forward to fortifying Wyoming’s position as a leader in digital assets.