Wyoming
Wyoming-Based Crypto Founder Slams State Over Stable Token Bid Process
Wyoming ranch owner Charles Hoskinson, who also is the founder of the Cardano cryptocurrency platform, has taken to social media to blast Wyoming’s process of creating its own stable token, saying that it hasn’t been transparent and unfairly excluded his company.
The criticism follows an announcement from the Wyoming Stable Token Commission announcing that it has begun taking requests for proposals from pre-qualified vendors, which it identified as Solana, Avalanche, Sui, Stellar and Ethereum. The latter includes a bullet point that it is “inclusive of layer-2 networks Polygon, Arbitrum, Base and Optimism.”
None of the other platforms include any explanatory bullet points.
Wyoming Stable Token Executive Director Anthony Apollo also said in the announcement that those are the networks the state’s Blockchain Selection Working Proup has determined to be “in-scope” for the initial deployment of Wyoming’s stable token. Stable tokens are a type of cryptocurrency where the goal is to hold a static value. In Wyoming’s case, a single stable token would be worth $1.
Apollo said his office is working on an official statement about the stable token flap with Cardano and declined an interview with Cowboy State Daily about it.
Hoskinson told Cowboy State Daily he feels blindsided by the commission’s announcement. He said it’s unfair for the state to make such a selection without having first publicly listed what the qualifications would be, giving the 30,000 or so blockchains, including his own, a fair opportunity to decide if they can meet those qualifications within the state’s timeframe.
As a consequence, Hoskinson said, the “largest Wyoming-based blockchain company in the world, with hundreds of employees in Wyoming, can’t even bid on the RFP at this point.”
Instead, Cardano added, “companies in California, New York and in Singapore — financial institutions outside of Wyoming, with no connection to Wyoming — are going to be involved in implementing the Wyoming stable coin. That’s what happened.”
Black Eye On State’s Fairness
In a video he posted to X (formerly Twitter) on Monday, Hoskinson said he had advocated very strongly that all the functional and non-functional requirements be published by the commission so that any cryptocurrency platform that wanted to vie for development of the stable token could build a prototype demonstrating whether their ecosystem could support Wyoming’s requirements.
“Initially, this appeared to be the direction that the commission was pushing,” Hoskinson said. “And then, suddenly, the executive director and commission just decided to create their own criteria and act as judge, jury and executioner in a very short period of time … to score blockchains themselves.”
Hoskinson suggested that Apollo, who is a former employee of Consensus, which developed Ethereum, has been biased against other platforms from the start, adding that the director had even mentioned during one of his first meetings that it was his belief the stable token should just be built on Ethereum first.
That was something Hoskinson immediately pushed back on.
“I mean, they passed 31 cryptocurrency laws, and none of them said, ‘Hey, bitcoin’s great, but Ethereum is bad or Ethereum is great,” he said. “They said these are the rules and as long as you follow them, you have clear rule of law and regulation, which is why so many cryptocurrency companies relocated to Wyoming, mine included. Because we believed everybody would be treated equally.”
The decision to exclude so many blockchains and ecosystems in what Hoskinson characterized as an arbitrary way is a “black eye” on the state’s fairness, he said.
“There was no real opportunity for public comment,” he said. “There was no opportunity for appeals or rebuttal. After picking a short list, Cardano was excluded, saying that we didn’t have certain capabilities — which we actually do — although we were never told that these capabilities would be necessary, so we had no opportunity to prepare a prototype.”
‘Fair, Open And Public’
Senator Chris Rothfuss, who was instrumental in developing Wyoming’s digital asset laws, including the Wyoming Stable Token, told Cowboy State Daily he believes the process was fair.
“It was designed to be fair, open and public, with a clear set of criteria established by subject matter experts to evaluate candidate blockchains for issuing WYST,” he said.
That criteria list included a requirement for “freeze and seize.” The phrase seems to refer to the seizure of a questionable cryptocurrency asset, a capability that would likely be required by the Securities and Exchange Commission during an investigation, to forestall any money laundering.
That’s a capability that Cardano does not yet have, Cowboy State Daily was told, but could have been working on in anticipation of the need, if the state had been transparent about releasing its criteria to the public.
Rothfuss, however, also suggested that the selection process isn’t necessarily finished at this point.
“This process is dynamic,” he said. “And pre-qualified blockchains will evolve as their capabilities evolve. For example, I anticipate that Midnight, a layer 2 network for Cardano currently in a test state, will be prequalified once its capabilities are ready.”
Rothfuss added that feedback and corrections are also welcomed.
“The Cardano community is encouraged to provide updated information if any assumptions in the evaluation were inaccurate,” Rothfuss said. “Wyoming remains committed to a technology-neutral approach, ensuring WYST operates across multiple blockchains to support our broader goals of innovation and compliance.”
Who Is Hoskinson And What Is Cardano
Cardano has long been a heavy-hitter in the cryptocurrency sphere, with a blockchain that is capable of processing a million transactions in a second.
The platform was created by Hoskinson in 2017 as his idea for the next logical evolution of Ethereum, and is billed by the Ethereum cofounder as the “third generation” for cryptocurrency platforms, with bitcoin the first, Ethereum second, and Cardano the third.
“My company, Input Output, is one of the companies that created Cardano, and it is worth, it trades $34 billion in dollars every single day,” Hoskinson said. “I also have hundreds of employees based in Gillette for other business ventures, like I own a large healthcare clinic up there. We have 10,000 patients with Hoskinson Health.”
Hoskinson’s company also has a digital assets laboratory, where it works with the University of Wyoming in developing this sector.
“It’s by far the largest blockchain project that has a — it’s the only blockchain project in the top 10 — that has a nexus in Wyoming,” Hoskinson said.
Cardano began allowing the creation of native tokens like NFTs or stable coins starting in 2021, but unlike Ethereum, Cardano doesn’t restrict such tokens to smart contracts. Instead, they run on the same platform as the platform’s cryptocurrency unit, ADA, making them what Cardano describes on its website as “first-class” citizens on the blockchain.
Cardano said it believes that makes the tokens more secure, and that it will reduce the fees associated with such transactions.
Cardano’s process also uses a different mechanism to validate blockchain transactions, one that’s less energy intense.
A Stable Token For A Dollar
Hoskinson was among vocal supporters of the Wyoming Stable Token when it was unveiled a year and a half ago, and he even offered at one point to build the state’s stable token for a dollar.
“It’s not about making money,” he said. “I just care about making sure it’s done right. If Wyoming is going to do this, it has to be done in a way that benefits the state.”
Hoskinson said he’s attended many meetings over the past year and a half and reviewed hundreds of documents related to the stable token..
“What’s happened over time is that the process went from open to more and more secretive,” he said. “Where certain subcommittees were closed and people weren’t really sharing information with people. It went from, ‘Hey, this is going tot be an open RFP process and open RFQ process, and the merit-based qualifications will come in’ to ‘we’re going to go ahead and the state will just arbitrarily select according to our own criteria, with no oversight, winners and losers.’”
The exclusion of not just Cardano, but bitcoin and the thousands of other blockchains in this manner is a head-scratcher, Hoskinson said.
“Bitcoin is larger than all the other cryptocurrencies combined, and Trump wants to do a strategic reserve, and Senator (Cynthia) Lummis is a huge fan of Bitcoin,” Hoskinson said, adding that, “It’s extraordinary to me” that Bitcoin would be excluded.
Hoskinson said he still believes in Wyoming and that things will get “remedied” in time.
“I don’t know why they made these decisions,” he said. “They were done in a very opaque and not so transparent way, but we’re just gonna move forward. I believe in this state, I live in this state, I employ hundreds of people in the state and put hundreds of millions of dollars into the state. I’m going to continue doing that because I live here.”
Renée Jean can be reached at renee@cowboystatedaily.com.
Wyoming
Wyoming power plant booming with suspected UFO, drone sightings — but still no answers after over a year
Fleets of drones and suspected UFOs have been spotted hovering over a Wyoming power plant for more than a year, while a local sheriff’s department is still searching for clues.
Officials with the Sweetwater County Sheriff’s Office recorded scores of beaming, drone-like objects circling around the Red Desert and Jim Bridger Power Plant in Rock Springs over the last 13 months — though they didn’t specify how many, the Cowboy State Daily reported.
Sheriff John Grossnickle was one of the first to witness the spectacles, and last saw the mind-boggling formation on Dec. 12, his spokesperson Jason Mower told the outlet.
The fleets periodically congregate over the power plant in coordinated formations, Mower claimed.
The sheriff’s office hasn’t been able to recover any of the suspected UFOs, telling the outlet they’re too high to shoot down.
The law enforcement outpost’s exhaustive efforts to get to the truth haven’t yielded any results, even after Grossnickle enlisted help from Wyoming US Rep. Harriet Hageman — who Mower claimed saw the formation during a trip to the power plant.
Hageman could not be reached for comment.
“We’ve worked with everybody. We’ve done everything we can to figure out what they are, and nobody wants to give us any answers,” Mower said, according to the outlet.
At first, spooked locals bombarded the sheriff’s office with calls about the confounding aerial formations. Now, though, Mower said that people seem to have accepted it as “the new normal.”
Mower noted that the objects, which he interchangeably referred to as “drones” and “unidentified flying objects,” have yet to pose a danger to the public or cause any damage to the power plant itself.
“It’s like this phenomenon that continues to happen, but it’s not causing any, you know, issues that we have to deal with — other than the presence of them,” he told the outlet.
The spokesperson promised the sheriff’s office would “certainly act accordingly” if the drones pose an imminent harm.
Meanwhile, Niobrara County Sheriff Randy Starkey told the Cowboy State Daily that residents of his community also reported mystery drone sightings over Lance Creek — more than 300 miles from the Jim Bridger Power Plant — starting in late October 2024 and ending in early March.
Starkey said he’s “just glad they’re gone,” according to the outlet.
Drone sightings captured the nation’s attention last year when they were causing hysteria in sightings over New Jersey.
Just days into his second term, President Trump had to clarify that the drones were authorized by the Federal Aviation Administration to quell worries that they posed a national security threat.
Still, the public wasn’t convinced, but the mystery slowly faded as the sightings plummeted.
In October, though, an anonymous source with an unnamed military contractor told The Post that their company was responsible for the hysteria.
Wyoming
Barrasso bill aims to improve rescue response in national parks
Much of Wyoming outside of Yellowstone and Grand Teton also struggles with emergency response time.
By Katie Klingsporn, WyoFile
Wyoming’s U.S. Sen. John Barrasso is pushing legislation to upgrade emergency communications in national parks — a step he says would improve responses in far-flung areas of parks like Yellowstone and Grand Teton national parks.
“This bill improves the speed and accuracy of emergency responders in locating and assisting callers in need of emergency assistance,” Barrasso told members of the National Parks Subcommittee last week during a hearing on the bill. “These moments make a difference between visitors being able to receive quick care and continue their trip or facing more serious medical complications.”
The legislation directs the U.S. Department of the Interior to develop a plan to upgrade National Park Service 911 call centers with next-generation 911 technology.
Among other things, these upgrades would enable them to receive text messages, images and videos in addition to phone calls, enhancing their ability to respond to emergencies or rescues in the parks.
Each year, rangers and emergency services respond to a wide range of calls — from lost hikers to car accidents and grizzly maulings — in the Wyoming parks’ combined 2.5 million acres.
Outside park boundaries, the state’s emergency service providers also face steep challenges, namely achieving financial viability. Many patients, meantime, encounter a lack of uniformity and longer 911 response times in the state’s so-called frontier areas.
Improving the availability of ground ambulance services to respond to 911 calls is a major priority in Wyoming’s recent application for federal Rural Health Transformation Project funds.
Barrasso’s office did not respond to a WyoFile request for comment on the state’s broader EMS challenges by publication time.
The bill from the prominent Wyoming Republican, who serves as Senate Majority Whip, joined a slate of federal proposals the subcommittee considered last week. With other bills related to the official name of North America’s highest mountain, an extra park fee charged to international visitors, the health of a wild horse herd and the use of off-highway vehicles in Capitol Reef National Park, Barrasso’s “Making Parks Safer Act” was among the least controversial.
What’s in it
Barrasso brought the bipartisan act along with Sens. Angus King (I-Maine), Cindy Hyde-Smith (R-Miss.) and John Hickenlooper (D-Colo.).
The bill would equip national park 911 call centers with technological upgrades that would improve and streamline responses, Barrasso said. He noted that hundreds of millions of visitors stream into America’s national parks annually. That includes more than 8 million recreation visits to Wyoming’s national parks in 2024.
“Folks travel from across the world to enjoy the great American outdoors, and for many families, these memories last a lifetime,” he testified. “This is a bipartisan bill that ensures visitors who may need assistance can be reached in an accurate and timely manner.”

The Park Service supports Barrasso’s bill, Mike Caldwell, the agency’s associate director of park planning, facilities and lands, said during the hearing. It’s among several proposals that are “consistent with executive order 14314, ‘Making America Beautiful Again by Improving our National Parks,’” Caldwell said.
“These improvements are largely invisible to visitors, so they strengthen the emergency response without deterring the park’s natural beauty or history,” he said.
Other park issues
National parks have been a topic of contention since President Donald Trump included them in his DOGE efforts in early 2025. Since then, efforts to sell off federal land and strip park materials of historical information that casts a negative light on the country, along with a 43-day government shutdown, have continued to fuel debate over the proper management of America’s parks.
Several of these changes and issues came up during the recent National Parks Subcommittee hearing.

Among them was the recent announcement that resident fee-free dates will change in 2026. Martin Luther King Day and Juneteenth will no longer be included in those days, but visitors won’t have to pay fees on new dates: Flag Day on June 14, which is Trump’s birthday and Oct. 27, Theodore Roosevelt’s birthday.
Conservation organizations and others decried those changes as regressive.
At the hearing, Sen. Martin Heinrich (D-NM), assured the room that “when this president is in the past, Martin Luther King Jr. Day and Juneteenth will not only have fee-free national park admission, they will occupy, again, incredible places of pride in our nation’s history.”
Improvements such as the new fee structure “put American families first,” according to the Department of the Interior. “These policies ensure that U.S. taxpayers, who already support the National Park System, continue to enjoy affordable access, while international visitors contribute their fair share to maintaining and improving our parks for future generations,” Secretary of the Interior Doug Burgum said in an announcement.
WyoFile is an independent nonprofit news organization focused on Wyoming people, places and policy.
Wyoming
Evacuations spread from fires in South Dakota, Wyoming due to strong winds from coast-to-coast storm
CLIMATE TECH: As wildfires grow stronger, faster, and more expensive, a California-based startup is taking a high-tech approach to fight these fires using autonomous drones designed to extinguish flames before they turn deadly. Founder & CEO Stuart Landesberg joins FOX Weather to discuss Seneca’s firefighting drones.
Large, fast-moving fires are causing evacuations in South Dakota and Wyoming due to the impacts of a coast-to-coast storm.
The FOX Forecast Center said winds have been gusting up to 70 mph in the Pennington County, South Dakota area, which has caused the wildfire to spread rapidly.
COAST-TO-COAST STORM CAUSES TRAVEL ISSUES DUE TO HURRICANE-FORCE WINDS, HEAVY RAIN ACROSS NORTHWEST
The blaze, known as the Greyhound Fire, is approximately 200 acres in size. The fire is burning two to three miles south of Keystone and is moving east, according to the Pennington County Sheriff’s Office.
The Greyhound Fire in South Dakota spans 200 acres.
(FOX Weather / FOX Weather)
Highway 40 and Playhouse Road are closed as crews work to contain the fire.
People living along the highway between Playhouse Road and Rushmore Ranch Road have been evacuated, officials said.
TWO KIDS WAITING FOR THE BUS CRITICALLY INJURED DUE TO STRONG WINDS IN IDAHO
Crews are asking anyone in an evacuation zone to leave the area. Officials are advising people in the area to check the Pennington County Public Safety Hub.
A grass fire has caused evacuations in the Winchester Hills section of Cheyenne, Wyoming.
(FOX Weather / FOX Weather)
People in the Winchester Hills area of Cheyenne, Wyoming, have also been evacuated due to a grass fire.
The FOX Forecast Center said winds are gusting up to 75 mph in the area.
The National Weather Service has issued a Fire Warning and says there is a shelter at South High School for evacuated residents.
Check for updates on this developing story.
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