The Select Committee on Blockchain, Financial Technology, and Digital Innovation convened in Jackson Hole on May 14-15 for its first interim meeting, covering topics such as right to repair (RTR), AI in government, and updates from the Wyoming Stable Token Commission. Their next meeting is scheduled for July 10 in Casper. **Blockchain updates** Anthony Apollo, executive director of the Wyoming Stable Token Commission, updated the committee on the Wyoming Stable Token, which is still set for a July 4 release. He described it as a virtual currency pegged to and redeemable for $1 USD held in trust by Wyoming. The commission emphasized the token is not a central bank digital currency (CBDC), addressing misunderstandings among officials, including Rep. Tom Emmer (R-Minnesota), who labeled it a CBDC despite legislative measures banning state agencies from requiring or testing CBDCs. Committee Cochair Sen. Chris Rothfuss (D-Laramie) stressed the need for clearer communication about how the stable token differs from CBDCs, including its backing and lack of new currency mining. Apollo announced public comment periods on proposed rules for procurement and public records requests lasting until May 27, and for reserves management until June 30. The stable token is currently in an alpha test phase with valueless mock tokens operating on multiple platforms. Apollo noted Wyoming’s unique position: if it finalizes these rules first, it would have the nation’s inaugural stable coin regulatory framework. Rep. Dainel Singh (R-Cheyenne) inquired about expanding the token’s scope to represent real-world assets like gold or rare earth minerals.

Apollo acknowledged interest in tokenizing real assets, highlighting the evolving focus within the industry—from NFTs to DeFi, DAOs, and now stable coins—with real-world assets as the logical next step. **AI in government** The committee also engaged with AI experts and studied other states’ approaches. Rep. Lee Filer (R-Cheyenne) pointed out AI’s widespread presence and raised concerns about balancing protection from abuse with avoiding overregulation. Rothfuss echoed these concerns, especially regarding generative AI’s extensive resource use for both perpetrating and combating illegal activities. Dazza Greenwood, legal tech consultant at MIT Media Lab, presented on AI’s current state. When Rothfuss questioned whether the arms race of using AI to fight AI-based phishing attacks was inevitable, Greenwood agreed but remained optimistic about future countermeasures. He recommended civilians adopt military-style security practices, such as using unique “safe words” to verify identities during suspicious communications. The committee expressed interest in legislation addressing AI issues, and Filer cited California Senate Bill 813, which created public-private AI oversight entities, and Texas’s establishment of an AI council as models. **Right-to-repair** Right-to-repair laws, enabling consumers to fix equipment without relying solely on original manufacturers, also featured prominently. This issue affects diverse groups from farmers to iPhone users to the military. Five public speakers, including I-Fix-It CEO Kyle Wiens, advocated for RTR legislation. Lawmakers asked if manufacturers had exited markets like Colorado post-RTR laws; Wiens responded they remained, preferring to challenge laws legally rather than withdraw. In summary, the committee is actively addressing important aspects of blockchain regulation, AI oversight, and consumer rights in repair, with ongoing public engagement and plans for future meetings and legislation development.