Source: LinkedIn“We’re looking to kind of create our own vernacular around some of this, to clarify, and then use that as a jumping off point of discussion for the commission,” said Apollo, adding there were internal discussions regarding the SEC guidance but the commission was scheduled to address the matter in a May memo. Related: Wyoming treasury should run on blockchain — Stable Token Commission bossThe commission, established after Wyoming passed a law to issue a state-issued stablecoin pegged to the US dollar and redeemable for fiat currency, has been exploring issues surrounding WYST.
The discussion among the commissioners and Executive Director Anthony Apollo followed the SEC issuing guidelines that certain “covered stablecoins” were considered” non-securities” and largely not subject to reporting requirements. Wyoming Stable Token Commission Executive Director Anthony Apollo with Senator Cynthia Lummis.
The Wyoming Stable Token Commission, a body authorized by the US state to issue a stablecoin, has suggested that it may clarify its language to better comply with potential guidelines from the Securities and Exchange Commission (SEC).
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Author / Journalist: Cointelegraph by Turner Wright
The story "Wyoming commission floats whether stablecoin is 'covered' by SEC rules" has 388 words across 13 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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