For years, Wyoming public officials have been looking for ways to cash in on the crypto craze sweeping the nation. The top officials in the state government, in league with Wyoming’s legislators at the state and federal levels, have fine-tuned local law to facilitate digitalization of the financial sector, over the objections of community banks and members of the public. When talking to investors, it’s a digital dollar. When talking to the SEC, it’s a payment token! The contradictions and conflicts run deeper, into the Wyoming Stable Token Commission, the Treasurer's Office, and the Governor. 

It's a momentous event, with legal and Constitutional implications, but also for foreign countries (esp. those w high inflation) and their financial regulators, from which Wyoming's Stable Token Commission claims to be exempt as a sovereign. 

People, especially in the media, haven't gotten their heads around this yet. And the process was opaque, despite claims of transparency and carefully managed by the governor and his allies and their legal counsel. 

Wyoming is gunning to be the next Delaware and this cadre of officials are all in on crypto, with a legal framework (+40 new laws on the books) they are ready to export to other states. 

Who do you think is going to be buying FRNT? What is the probable result of this experiment? 

How the Wyoming Stable Token Wanted to Beat Biden's SEC but Became a Potential Government Surveillance Tool Instead