No. It is a state issued token as opposed to private. Wyoming is not a fan of the federal government so it has passed a lot of pro-crypto legislation. Now they brought out their own stablecoin, most likely as a pushback against any CBDC if the US goes that route.
The Feds will claim Wyoming comes under the GENIUS Act but the state will fight it. Let the court battles begin.
No. It is a state issued token as opposed to private. Wyoming is not a fan of the federal government so it has passed a lot of pro-crypto legislation. Now they brought out their own stablecoin, most likely as a pushback against any CBDC if the US goes that route.
The Feds will claim Wyoming comes under the GENIUS Act but the state will fight it. Let the court battles begin.