News Explorer — Rep. Tom Emmer Slams Wyoming Stablecoin as CBDC By Another Name

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Mar 27, 4:44 pm

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Rep. Tom Emmer Slams Wyoming Stablecoin as CBDC By Another Name

House Majority Whip Tom Emmer criticized Wyoming's plan to issue a stablecoin, expressing strong opposition to any government issuing a tokenized currency. Despite concerns about central bank digital currencies, Wyoming plans to launch its stablecoin, WYST, backed by reserves like U.S. Treasuries.

House Majority Whip Tom Emmer criticized Wyoming's plan to issue a stablecoin, expressing strong opposition to any government issuing a tokenized currency. Despite concerns about central bank digital currencies, Wyoming plans to launch its stablecoin, WYST, backed by reserves like U.S. Treasuries.

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