Wyoming to Launch USD-Backed Stablecoin in 2025 for Cheaper Payments
Wyoming plans to launch its own USD-backed stablecoin, the Wyoming Stable Token, by early 2025 to enable faster and cheaper consumer payments. According to a report by Tanaya Macheel for CNBC, Wyoming is currently preparing for the next significant development in the crypto space: consumer payments. The Wyoming Stable Token, a U.S. dollar-backed stablecoin, is […]
Wyoming May Launch Stablecoin in Q1 2025 – Governor
Governor Mark Gordon of Wyoming recently addressed the Wyoming Blockchain Symposium, announcing the imminent introduction of a state-issued dollar-pegged stablecoin in 2025. Gordon, the Chairman of the Wyoming Stable Token Commission, has disclosed that the state is presently securing the stablecoin tokens with US Treasury bills and repurchase agreements. It will then contact exchange partners […]
CleanSpark Finalizes Bitcoin Site Acquisition
Bitcoin miner CleanSpark claimed to have secured 75 MW in Wyoming despite prior worries about national security. After overcoming earlier national security concerns expressed by the White House, American Bitcoin mining company CleanSpark Inc. announced the successful acquisition of a Bitcoin mining site in Wyoming. In a July operating report that was released on August […]
DAOs Get Legal Clarity in Wyoming with Landmark Crypto Law
In order to solve issues associated with decentralized organizations and bring DAOs under the jurisdiction of current laws, the State of Wyoming enacted a historic crypto bill. Wyoming Governor Mark Gordon adopted a state statute recognizing decentralized autonomous organizations (DAOs) as legitimate entities under the Decentralized Unincorporated Nonprofit Association Act (DUNA) on March 7. On […]
Wyoming lawmakers pass bill prohibiting forced key disclosure
Wyoming lawmakers have enacted legislation that, with one tiny exception, prohibits state courts from ordering anyone to reveal their digital asset private keys. On Feb. 15, the Wyoming House of Representatives passed the bill 41-13, a day after the Wyoming Senate passed it 31-0. If Wyoming Governor Mark Gordon signs the measure, it will go […]