Tom Emmer, Republican House Whip, expressed sharp disagreement with Wyoming’s plans to launch its stablecoin “WYST”

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Mar 27, 2025 - 12:00am

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House Majority Whip Tom Emmer (R-MN) strongly criticized Wyoming’s plan to issue its own stablecoin, WYST, on Thursday. He called it nothing more than a state version of a central bank digital currency.

Wyoming Stablecoin Is Just a State-Issued CBDC by Another Name: Rep. Tom Emmer The GOP Majority Whip said he’s “vehemently against” the project and any other attempt by a state, Republican-led or not, to issue a tokenized version of its currency.

And yet, on Wednesday, Wyoming’s Republican governor, Mark Gordon, announced that his state is planning to issue a cryptocurrency as soon as July: its long-planned stablecoin, WYST.

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Week 13 of 2025