Wyoming Stable Token Act
In one sentence
Plain language
Official record
Public statements
Last checked Aug 7, 10:53 PM
R · H08
Why they voted this way
The speaker supports the amendment because it adds necessary auditing and oversight provisions to ensure the token fund is managed correctly, which was missing from the original draft.
R · H37
Why they voted this way
The speaker supports the amendment to divide revenue into three parts, ensuring funds go to reserve accounts for current budget needs while still saving a portion for future generations.
R · H11
Why they voted this way
The speaker supports the amendment because it balances policy by directing funds to reserve accounts for current deficit issues rather than sending everything into savings.
R · S28
Why they voted this way
The lawmaker supports the bill because he believes there is no risk to the state and only potential for revenue gain, citing confidence from the department involved in the investment.
D · S09
Why they voted this way
The lawmaker supports the bill because modern blockchain technology uses proof-of-stake, which consumes minimal energy and avoids significant environmental concerns.
Wyoming roll calls
8 roll calls
Official activity
Changes
8 stored
The amendment changes the bill to require that Wyoming stable tokens can only be issued in exchange for U.S. dollars.
The amendment to SF0106 removes the words 'and indemnification' from the bill text, changing how certain legal protections are listed.
The amendment changes how Wyoming stable tokens are distributed by specifying new percentages for various state funds and accounts.
The amendment adds provisions for terminating Wyoming stable tokens, including a process for the oversight committee to direct the state treasurer to cease issuing and redeeming these tokens.
The amendment adds provisions for monitoring, independent auditing, and specifies funding sources for these activities related to Wyoming stable tokens.
The amendment changes the word 'Wyoming' to 'Cowboy' throughout the bill.
The amendment modifies the bill to specify that Wyoming stable tokens can be issued from a new reserve account within the school foundation program instead of the permanent land fund.
The amendment directs the Wyoming legislature to adopt Substitute No. 1 of Senate File 0106 as it is.