Wyoming Analysis: Are Stablecoins SEC Compliant?

The Wyoming Stablecoin Committee is reviewing policy language to better comply with guidelines from the US Securities and Exchange Commission (SEC). In the meeting on April 17, Commissioner Joel Revill proposed reducing risks so that the state's WYST stablecoin would not be identified as a security under SEC rules. The SEC previously indicated that some "regulated" Stablecoins are not "securities". Therefore, the Committee has discussed internally and is expected to create a Mnemonics addressing this issue in May. Wyoming has passed laws to issue state-level stablecoins, which are pegged to the US dollar and can be exchanged for legal tender. Initially, the government planned to launch the stablecoin in the first quarter of 2025 but has modified the feasible schedule to July. This information is for market information purposes only and is not investment advice.