Wyoming looks for director to lead 'stable token' effort

The Wyoming Stable Token Commission is looking for an executive director to lead a “stable token” effort in the cowboy state. 

The commission was created in March and tasked with issuing “stable tokens” that would be redeemed for one dollar. Funds from issuing the token would then be placed into a trust account that would be “invested exclusively in United States treasury bills,” according to a government website. 

The executive director would implement a plan for the stable token, including regulatory analysis, accounting and marketing, among other tasks, according to a job posting from July 20. 

“Ideal candidates will bring their existing connections and expertise in the blockchain industry, coupled with a familiarity with Wyoming's legislative processes and key stakeholders,” according to the posting. 

The position pays $150,000 and would be based in Cheyenne or Laramie. 

The commission is led by a board including the state’s governor, auditor, treasurer and other elected members. 

Wyoming has been crypto-friendly for years, as the federal government has been less so. U.S. authorities have been grappling with the fallout from collapses at FTX, Terraform Labs, among others, and lawmakers are working on bills to regulate crypto, which are set to be debated and voted on this week. 

Crypto hirings

Elsewhere, crypto firms such as Coinbase have been vocal about hiring. Coinbase CEO Brian Armstrong tweeted on July 18 that the exchange had created a “VIP page to hire people with extraordinary ability.”

“We are not limited by the roles that we have available — if we don't have a position that is an immediate fit, we can work together to find a match for you. Our focus is on finding the right people, not just filling seats,” Coinbase said on its website.

Venture capital firm Paradigm hired a DC lobbyist as its new government relations lead last week.