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Federal stablecoin, market‑structure and tax work is active; Senate staff says Wyoming positions protected
Summary
Chris Land, staff director on Senate digital assets, told the committee negotiators were close on a stablecoin bill and said drafts include protections for Wyoming’s state-sponsored stable token and SPDI charter recognition.
Washington — Staff for the Senate Banking Committee reported May 14 that multiple high‑profile digital‑asset bills were in active negotiation and that Wyoming interests had been addressed in the current stablecoin negotiations.
Chris Land, staff director to the Senate committee working on digital assets, told the Select Committee the Senate stablecoin negotiations were in “the 5‑yard line” but that outcomes remained uncertain. He said the current negotiating text would exempt the State of Wyoming’s stable token from federal stablecoin rules “as not a governmental…
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