Wyoming Select Committee on Blockchain, Financial Technology, and Digital Innovation Update

Posted by Bobbie Frank on May 16, 2025

The  Select Committee on Blockchain, Financial Technology, and Digital Innovation met May 14-15, 2025, in Jackson, Wyoming. The committee discussed a host of technology related topics including digital innovation, actions on federal level, Wyoming’s Stable token, Digital Asset registration Decentralized Autonomous Organizations, energy issues related to bitcoin mining, data privacy – government entities, Special Purpose Depository Institutions, Open banking update, Artificial Intelligence (AI) Governance, Right to Repair Laws and Click to Cancel legislation.

Anthony Appollo, Executive Director of Wyoming Stable Token Commission provided an update to the Committee announcing that Wyoming Stable token is now available on seven blockchain test nets.  Wyoming plans to issue the first public entity issued, fiat-backed, fully reserved stable token in July. He specifically mentioned the opportunity to partner with Wyoming’s credit unions and communities banks moving forward.

The committee did take action to move draft legislation forward to the July meeting including legislation to allow conversion from a state bank to a speedy bank and vice versus, interruptible service tariffs for electricity suppliers, digital asset taxonomy, Wyoming Stable Token Act amendments, and expedited filings legislation.

The committee also formed several working groups to flesh out and research topics discussed but are not yet ready for legislation drafting including right to repair, click to cancel, speedy bank revisions and AI. The next meeting is slated for July 10 in Casper.

Posted in Advocacy on the Move, Wyoming Advocacy.