Wyoming’s Future as a Blockchain Leader Hangs in the Balance Without Fair Procurement Processes
The post Wyoming’s Future as a Blockchain Leader Hangs in the Balance Without Fair Procurement Processes appeared on BitcoinEthereumNews.com.
Over the past few years, Wyoming, a landlocked state in the U.S. Mountain West, has embarked on a journey to become a blockchain pioneer. With a bold vision of creating an attractive cryptocurrency and blockchain ecosystem, the state’s crypto-friendly laws have positioned Wyoming as the most welcoming state in the U.S. for blockchain companies and innovators. With the pro-crypto stance of the Trump administration, the state has solidified its status as a model for how jurisdictions can build their economies. Wyoming’s aim to be a beacon of crypto innovation is one reason I chose to make it my home. My family lives in Gillette, and Wyoming has become the center of my work life. I love this place, from my thriving bison ranch in Wheatland to our family’s state-of-the-art healthcare clinic in Gillette, alongside hundreds of employees. While my commitment to Wyoming runs deep, I am now concerned about the direction the state is taking. Recent events surrounding the state-backed stablecoin initiative have raised serious questions about transparency and accountability in public procurement processes. If Wyoming wants to lead in blockchain – or any emerging technology – fairness and openness must be at the core of its selection processes. With so much at stake, I am addressing this issue head-on by building a framework that sets a standard for local leadership and serves as a model for pro-crypto policies at the national level. The Promise of Wyoming’s Stablecoin Initiative The state-backed stablecoin initiative, announced two years ago, was intended to showcase how blockchain could revolutionize the state’s finances and setting an example for other states and nations to follow. My company, Input Output, the driving force behind blockchain Cardano, was proud to support this effort and actively fostered an open and democratic approach with the Wyoming Stablecoin Commission (WSC) and…
Filed under: News - @ February 3, 2025 6:25 pm