Twitter @wyostable • GitHub @wyostable • YouTube @wyostable • Warpcast @wyostable
<aside> 📅 PUBLIC MEETINGS The next meeting of the Stable Token Commission is expected to take place on Thursday, September 19, 2024 at 9:00am - 12:00pm MT. The meeting will be held in-person at the University of Wyoming, Coe Library, Room 506, Laramie, WY and will be accessible remotely via Zoom.
⇒ Zoom Link: https://us02web.zoom.us/j/82615986562. **⇒ Meeting Materials: see below.
</aside>
<aside> 🆕 HIRING
The Wyoming Stable Token Commission is hiring. We are currently looking to onboard the following roles. Please refer to the links below for job descriptions and qualifications, and follow the steps there to submit an application.
</aside>
<aside> ❗ COMPETITIVE BIDDING 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 became available to the agency on July 1, 2024.
The Commission approved draft Procurement Rules at its meeting on June 27, 2024, which were then promulgated under Emergency Rulemaking on July 17, 2024. These are in effect until November 14, 2024 and enable the Commission to begin anticipated vendor prequalification and request for proposal processes in the following months.
Rules are available on the Wyoming Secretary of State’s website at https://rules.wyo.gov.
</aside>
Navigation Tip: click the “▶” button next to each section header to show the underlying files.
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.