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House Majority Whip Tom Emmer Slams Wyoming Stablecoin Effort
The prominent Republican said Wyoming's newly announced effort closely resembled a central bank digital currency.
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House Majority Whip Tom Emmer has expressed strong opposition to the proposed Wyoming Stablecoin initiative, labeling it as a state-controlled CBDC equivalent and a threat to decentralized principles.
What’s the Scoop?
- Wyoming's Bold Proposal: The state aims to issue its own stablecoin as part of a broader push to innovate within the crypto sector.
- Tom Emmer's Critique: Rep. Emmer categorically condemned the initiative as a centralized approach to digital currencies, contravening crypto's foundational principles.
- Political Fallout: Emmer warned that such moves, even by Republican-led states, represent a slippery slope toward state control of digital money.