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Wyoming state stablecoin proponents stated that state stablecoins won’t compromise user privacy, stressing that Wyoming will implement strict rules governing data collection, usage, and protection.

Wyoming state stablecoin proponents stated public stablecoins could offer lower fees and greater flexibility, even for sensitive purchases, compared to private issuers and interest accrued from the token’s Treasury reserves would fund the state’s school system

Tom Emmer, Republican House Whip, stated that state-issued stablecoins are “nothing more than state-controlled CBDCs” and warned they pose a fundamental threat to the principles of decentralization in the digital asset space

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

Wyoming state stablecoin proponents stated that they are not creating a central bank digital currency, as stablecoins will be fully backed by reserves such as U.S. Treasuries and won't create new money as central bank digital currencies

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