The state of the cowboys is near a cryptocurrency reserve.
Sei (SEI) rose more than 13% overnight after the Wyoming Stable Token Commission selected it as a blockchain candidate for WYST, the first stablecoin backed by fiat currency issued by a U.S. state.
Meanwhile, other states are following New Hampshire's initiative to create a Bitcoin reserve: on Thursday, the Arizona State Senate passed House Bill 2324 by a vote of 16 in favor and 14 against, to revise state forfeiture laws and classify abandoned digital assets as unclaimed property, with a corresponding reserve fund. The Texas State Legislature is currently debating similar legislation.
