【Wyoming Committee Discusses Whether Stablecoins Are 'Governed' by U.S. SEC Rules】

On April 18, news reported that the Wyoming Stablecoin Committee, authorized to issue stablecoins in the state, indicated it is considering adjusting its policy wording to better align with potential regulatory guidance from the U.S. Securities and Exchange Commission (SEC). During a meeting held on April 17 at the Wyoming State Capitol expansion, Commissioner Joel Revill suggested that the agency could reduce the risk of the proposed WYST stablecoin being classified as a security under SEC rules. Previously, the SEC issued guidance stating that certain 'regulated stablecoins' are considered 'non-securities' and are essentially exempt from reporting requirements, leading to a discussion among the commissioners and Executive Director Anthony Apollo. Apollo stated, 'We intend to create our own jargon around some of these issues for clarification, and then use that as a starting point for the committee's discussion.' He added that the committee has discussed the SEC's guidelines internally but plans to address the matter in a memo in May. Wyoming previously passed a law to issue a state-level stablecoin pegged to the U.S. dollar and redeemable for fiat currency, after which the committee was established and has been exploring issues related to WYST. Wyoming Governor Mark Gordon stated last August that the government initially planned to launch the stablecoin in the first quarter of 2025, later revising the timeline to possibly launch in July.