Plain English Breakdown
The bill did not pass, and some details such as specific numbers of members or detailed descriptions of stable token requirements were not included in the official summary.
Select Committee on Blockchain and Emerging Technologies
This act changes the name and duties of a committee that works on issues related to blockchain technology and other new technologies in Wyoming.
What This Bill Does
- Changes the name of the select committee from 'Blockchain, Financial Technology and Digital Innovation Technology' to 'Blockchain and Emerging Technologies'.
- Updates the committee's responsibilities to focus on promoting Wyoming’s leadership in digital economy by reducing barriers for tech companies and encouraging their growth within the state.
- Requires the governor to appoint liaisons who will help the committee with issues related to blockchain, financial technology, and emerging technologies.
Who It Names or Affects
- The members of the Wyoming legislature involved in this committee.
- Tech companies operating or planning to operate in Wyoming.
- Governor's appointees who will serve as liaisons to the committee.
Terms To Know
- Blockchain
- A digital system that records transactions on multiple computers so that the record cannot be altered retroactively without changing all subsequent blocks and the consensus of the network.
- Emerging Technologies
- New technologies that are currently developing or just hitting the market, such as artificial intelligence, blockchain, and virtual reality.
Limits and Unknowns
- The bill did not pass in its current session.
- It does not specify how many members will be on the committee.
- Details about stable tokens are not fully explained in the provided text.