In recent years, Wyoming, a state without coastline in the mountain of the west of the United States, has embarked on a trip to become a pioneer of Blockchain.
With a bold vision of creating an attractive cryptocurrency and a blockchain ecosystem, the friendly laws with the cryptography of the State have positioned Wyoming as the most cozy state in the US. UU. For the Blockchain companies and innovative. With the Pro-Crypto position of the Trump administration, the State has solidified its status as a model of how jurisdictions can build their economies.
Wyoming’s goal of being a lighthouse of cryptographic innovation is a reason why I chose to turn it into my home. My family lives in Gillette, and Wyoming has become the center of my working life. I love this place, from my prosperous Rancho de Bisontes in Wheatland to the health clinic of our family’s house in Gillette, along with hundreds of employees.
While my commitment to Wyoming is deep, I am now worried about the direction that the State is taking. Recent events surrounding the Stablcoin initiative supported by the State have raised serious doubts about transparency and responsibility in public procurement processes. If Wyoming wants to lead in Blockchain, or any emerging technology, equity and opening must be in the core of their selection processes. With so much at stake, I am addressing this problem from the front building a framework that establishes a standard for local leadership and serves as a model for pro-Crypto policies nationwide.
The promise of the Wyoming Stablecoin initiative
The Stablecoin initiative backed by the State, announced two years ago, intended to show how Blockchain could revolutionize the finance of the State and give an example for other states and nations to follow. My company, the entrance departure, the driving force behind Blockchain Cardano, was proud to support this effort and actively encouraged an open and democratic approach with the Wyoming Establishment Commission (WSC) and its Blockchain selection work group ( WG), which supervised the entire RFP. Process for suppliers.
For 18 months, we work with both parties, contributing to discussions on compliance, broadcast, redemption processes and technological standards. The objective was clear: to ensure that Wyoming’s Stablecoin initiative was successful, not only for the State but as a model for the rest of the world.
Partial acquisition process
Unfortunately, the Stablecoin acquisition process did not reflect Wyoming’s opening and innovation principles. Several aspects, including the lack of transparency, the technical requirements that were not aligned with the established frames and the blatant bias, undermined all the acquisition effort, which resulted in the unfair disqualification of Cardano, XRP, Bitcoin, Hashgraph, Algorand and ICP.
From the beginning, the decision -making process was carried out behind closed doors, without any opportunity for public contributions. Without external influence, WSC and the WG essentially developed criteria that favored existing solutions, such as Ethereum or Solana, without considering the merits of the newest players in the market.
Taking into account the above, it was not a surprise that the Wyoming Establishment Commission always had Ethereum as his number one choice, which makes the entire acquisition process inconsequential. Videos (what can you see here and here) Show the governor of Wyoming Mark Gordon and Anthony Apollo, WSC executive director, which implies that Ethereum would obtain priority over other blockchain platforms in the offer.
At a stable Token commission meeting, Apollo explicitly declared that his personal preference is Ethereum and Polygon. Meanwhile, the state treasurer Curt Meier has also publicly supported Ethereum. It is worth noting that Apollo is strongly linked to Ethereum, since it was the co -founder of Consensys, the software development firm that supports the growth of the Ethereum ecosystem, a fact that only underlines the inherent bias between the key interested parties.
In addition, the requirements of technical criteria in the evaluation methodology did not have a basis established in the existing regulatory frameworks and, therefore, further hindered the efforts of Cardano and other Blockchain suppliers to compete for the contract. For example, despite approving four of the five requirements for the Wyoming Stablecoin project, Cardano was disqualified because it failed to “freeze and confiscate” the asset.
However, neither federal regulations nor Wyoming State Law demand that functionality “freeze and take over tokens.” Even with this, Cardano, through its intelligent contract frame, token native or even its functionality in the chain, can still do this, a fact that WG was admitted in an external email to Cardano, but it was not yet considered .
If, after all of the above, it is not yet convincing that WG has not carried out a careful due diligence and considered throughout the selection process, and did not consider the regulatory and federal technical requirements for the stables, then he comments on Karen L .
“For a year, the public meeting materials explicitly declared that the RFP process would be open to all. However, which began as a process of transparency and inclusion gave a worrying turn, changing to a selection of closed doors controlled by a Subcommittee.
“Instead of promoting fair competition, suppliers were arbitrarily chosen based solely on information publicly available without the opportunity to demonstrate their ability to meet the key criteria. This not only undermined equity, but also lost a critical opportunity for Wyoming will reinforce its leadership in the innovation of the blockchain.
The Wyoming Integrity Pac
The entire acquisition process left me with a bad taste, and I realized that I needed to address these failures in the processes of Blockchain acquisition sponsored by the State directly. To that end, I have decided to launch the Wyoming Integrity Action Committee (PAC) at the end of this year.
This initiative is aimed .
Wyoming Integrity Pac is my response to these challenges. This initiative is dedicated to reforming the acquisition processes in Wyoming to ensure that they are transparent, fair and inclusive by financing the candidates who support these objectives. The PAC will focus on three key pillars:
1. Transparency: Advocating open decision -making processes that imply public contributions and scrutiny.
2. Equity through open collaboration: Ensure that all innovators and companies have the same opportunity to compete and contribute, regardless of their connections or affiliations
3. Ethical innovation: Establish Wyoming as a global example of governance that supports technological progress while defending the highest integrity standards. These principles are not only ideal; They are needs. Without them, Wyoming runs the risk of losing the trust and investment of the Blockchain community and beyond.
Future leadership and trust
The Wyoming Integrity PAC will focus on addressing past errors and shaping a future where Wyoming can excel in blockchain and other emerging technologies. Our goal is to create an environment where great ideas can prosper, innovators feel welcome, and trust is a cornerstone of governance. On a larger scale, I hope that the Wyoming Integrity PAC is an example for the Trump administration in the implementation of a fair and reflective acquisition process for future federal cryptography projects.
However, this initiative is more than just technology; These are people. It covers entrepreneurs, developers and workers who give life to innovation. These are also Wyoming residents who deserve to see their state flourish as a leader in the digital economy.
I am committed to this long trip and I will not give up. It is worth fighting for Wyoming’s aspiration to become a central center for Blockchain, both for the State and for the industry in general. We can build a state that promotes equity, innovation and opportunities for all. We are going to level the playing field, allow the best ideas to arise and that the best technology prevail.
