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Wyoming Stable Token Commission outlines procurement plan after committee amends budget footnote
Summary
The Wyoming Stable Token Commission briefed the Appropriations Committee on procurement progress and technical requirements for the state—s stable token, reporting wide vendor interest but few Wyoming-domiciled firms and emphasizing security and "freeze and seize" network criteria.
The Wyoming Stable Token Commission told the Appropriations Committee that while private interest in helping build the state—s stable token is strong, very few vendors are domiciled in Wyoming and the commission is structuring procurement rules accordingly.
Why it matters: Lawmakers had debated a budget footnote attached to a $5.8 million allocation to the commission that would limit contract work to Wyoming-domiciled companies. The committee moved to reinsert the word "only" in the footnote; commission leaders explained the operational effect and procurement safeguards if that restriction is enforced.
Anthony Apolo, executive director of the Wyoming Stable Token Commission, told the committee the commission received significant vendor interest in its request for qualifications. "We received submissions from 64…
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