<aside> ❗ The Wyoming Stable Token Commission is actively seeking information and assistance on its construction of the Wyoming Stable Token. This page contains details for prospective Vendors regarding the Commission’s prior two “Request for Information” periods, as well as our anticipated “Request for Proposal” bidding process anticipated to begin later this year.
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<aside> 1️⃣ Prior discussions of the RFP process anticipated a March 22, 2024 opening date and a submission deadline of May 4, 2024, to be managed through the Administration & Information department. However, key amendments to the Stable Token Act were passed during the 2024 Budget Session as Senate Enrolled Act 44: Wyoming Stable Token Act - amendments. As such, the Commission now has the statutory authority to develop and deploy its own procurement process for competitive bidding, with details forthcoming in public meetings.
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<aside> 2️⃣ Prior configurations of the RFP process required Vendors to register on, and submit content through, the Public Purchase platform. At this time, the Commission anticipates that Public Purchase will not be used in the procurement process that it develops and deploys.
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<aside> 3️⃣ For the avoidance of doubt, Vendors did not need to submit an RFI to participate in the anticipated RFP. Completion of an RFI does not confer any benefit or value-add in the RFP.
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Table of Contents
The State of Wyoming has embarked on an ambitious initiative to design and potentially issue a Wyoming Stable Token (”WYST”) in 2024.
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.
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 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, which allow the Commission to develop and deploy its own procurement policies.
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.
Wyoming has been on the vanguard of cryptocurrency, blockchain, and digital asset legislation for nearly a decade. Bills passed in prior sessions includes:
The state legislature continues to explore legislation around digital asset registrations, digital identity, and more.