Wyoming Refines Stablecoin Language to Navigate SEC Scrutiny

Wyoming is taking a proactive approach to ensure its state-backed stablecoin, WYST, avoids regulatory hurdles from the SEC. The state is actively refining language surrounding WYST, aiming to avoid being classified as an investment security by the U.S. Securities and Exchange Commission (SEC). This strategic move seeks to pave the way for smoother launch and adoption of WYST while potentially influencing broader stablecoin regulations across the country. ]