News list for "wyoming"
The Wyoming Stable Token Council has announced a partnership with data analytics company Inca Digital to advance the launch of the Wyoming Stable Token (WYST). Scheduled to be officially launched in July 2025, the stablecoin will be the first state-issued stablecoin backed by fiat currency, pegged 1:1 to the U.S. dollar, with collateral assets including U.S. Treasury bonds, cash, and repurchase agreements.
On April 18, the Wyoming Stablecoin Commission, the authority authorizing the issuance of stablecoins in the US state of Wyoming, said it was considering adjusting the wording of its policy to better comply with possible regulatory guidance from the Securities Exchange Commission (SEC). On April 17, at the Wyoming State Capitol Extension...
The Wyoming Stablecoin Board announced that its fiat-backed, fully-reserve WYST stablecoin has entered a multi-chain testing phase, deployed on test networks such as Avalanche, Solana, and Ethereum. Issued by a public entity, WYST is the first of its kind in the United States. Testing is expected to continue until the second quarter of 2025. It is scheduled to be officially launched in July. Partners include LayerZero and Stargate. WYST will be overcollateralized with cash and U.S. debt, and wil...
According to market news, the US state of Wyoming plans to launch a stablecoin in July this year.
According to Cryptonews, the Wyoming Highway Workers union in the United States has announced that it is exploring the inclusion of bitcoin on its balance sheet. The Wyoming Highway Patrol Association (WHPA) has partnered with Proof of Workforce to launch an initiative called Get Off Zero. The initiative is expected to become the first law enforcement association in the United States to hold bitcoin on its balance sheet. The "Start From Zero" campaign focuses on cryptocurrency investments...
The Wyoming Highway Patrol union, a nonprofit group that supports highway patrol officers, dispatchers and civilian support workers, is exploring bitcoin adoption and plans to add it to its balance sheet. The association has adopted the "Get Off Zero" program of labor certification. It is understood that some bitcoin funds may be kept in their own custody. If the project goes well, it may be the first time that the American Law Enforcement Association has adopted bitcoin.
U.S. Congressman Cynthia Lummis says Wyoming has taken a bold first step towards strategic bitcoin reserves. Rep. Wasserburger introduced legislation to allow permanent funds to diversify into bitcoin.
U.S. Senator Cynthia Loomis of Wyoming recently raised the possibility of turning bitcoin into a reserve asset and proposed how the plan could be implemented, including involving the Federal Reserve. Loomis said she wants to give the Federal Reserve the ability to buy and hold BTC as part of a larger strategic bitcoin reserve program to deal with the national debt. I want to give it to them. I want our federal government to have a strategic bitcoin reserve to help support the dollar as the world...
Senator Cynthia Lummis, Republican of Wyoming and an ally of Donald Trump in the Senate, said the strategic bitcoin reserve proposed by the president-elect could be filled without increasing the government deficit: selling some of the Federal Reserve's gold to buy bitcoin. Cynthia Lummis plans to push a bill to do just that when the new Congress takes office next year. The bill would require the U.S. to buy 1 million bitcoins at a cost of about $90 billion at current market prices.
On September 20, according to Un Chained Crypto, in public testimony before the Wyoming Select Committee on Blockchain, Financial Technology, and Digital Innovation Technologies, the largest custodian bank in the United States, Bank of New York Mellon (BNY), was confirmed to have received U.S. securities from its institutional cryptocurrency custodian business.
"Wouldn't it be cool if we had a subcommittee on the banking committee focused on the industry so we could bring in more conversations, more hearings about the industry, and get the job done faster," Republican Senator Tim Scott said Wednesday at the Wyoming Blockchain Symposium. It is reported that Scott has been friendly towards the cryptocurrency industry, and he is currently the head of the Republicans on the committee led by Democratic-Ohio Senator Sherrod Brown.
Jenny Johnson, CEO of Franklin Templeton, criticized traditional finance at the Wyoming Blockchain Symposium for underestimating the size of Bitcoin. She pointed out that in 2023 Bitcoin processed more than $36.60 trillion in transactions, which is twice the amount of Mastercard and Visa combined. Johnson believes that the traditional financial sector knows almost nothing about Bitcoin and its huge transaction volume. Johnson said that she spends 30% of her day researching disruptive technologie...
富兰克林邓普顿的CEO Jenny Johnson在Wyoming Blockchain Symposium上批评传统金融低估了比特币的规模。她指出，2023年比特币处理了超过36.6万亿美元的交易，这一金额是Mastercard和Visa总和的两倍。Johnson认为，传统金融领域对比特币及其庞大的交易量几乎一无所知。 Johnson表示，她每天有30%的时间花在研究颠覆性技术上，特别...
Wyoming Governor Mark Gordon recently attended the Wyoming Blockchain Symposium to discuss how the state is embracing blockchain innovation and highlighted the state's plans to issue a dollar-pegged stablecoin in 2025. Mark Gordon said the state is currently working to support stablecoins through U.S. treasury securities and repurchase agreements. A listing with exchange partners is planned for sometime in Quarter 1, 2025.
