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Only one bill relating to Bitcoin and crypto is moving through the legislature.
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The commission still eyes a 2025 release date.
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The institute will review academic research on Bitcoin, showcasing published studies that have merit and pointing out flaws in others.
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President Joe Biden issued an executive order on Monday forcing a bitcoin mine in Cheyenne owned by Chinese nationals to shut down. The cryptocurrency mine is located within one mile of Francis E. Warren Air Force Base, which is also home to a nuclear missile program.
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The Wyoming Stable Token Commission held its first meeting Monday, May 8. Officials want the Cowboy State to continue on its path as a pioneer in cryptocurrency, but questions remain over the federal legal viability of a government-issued stablecoin.
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Bison Blockchain is constructing a facility just west of Cheyenne that will be Black Hills Energy's first customer under a special tariff that aims to help companies with high energy demands, such as blockchain ones. Around 45 megawatts is expected for use when the company begins operations, which could go as high as 75 megawatts depending on the company's future growth.