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Committee approves technical fixes to Wyoming Stable Token law, adds liquidity account and grant authority
Summary
The committee advanced Senate File 21 to clarify reserve investments, create a separate 2% liquidity account, set a cascade for interest earnings and allow federal grants; sponsors said the commission aims to be self‑funding and increase token utility.
Lawmakers voted to advance a package of technical amendments to the Wyoming Stable Token Act intended to clarify reserve investments, create a separate liquidity account and allow the stable token commission to accept federal grants and donations.
The sponsor described five clean‑up changes: permitting the Stable Token Commission to enter agreements with other jurisdictions; allowing certain money‑market investments…
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