Charles Hoskinson, co-founder of Input Output (IO) and the man behind the Cardano blockchain, officially launched the Wyoming Integrity Political Action Committee (PAC) on Jan. 31.
Based in Cheyenne, Wyoming, this new initiative will reportedly target ethical procurement in the state’s government contracts and tech projects. The goal is to make sure no one cheats the system.
This PAC comes at a time when Wyoming is about to drop its state-backed stablecoin this year, building up on its crypto-friendly laws.
This stablecoin will act as a government-backed digital currency, potentially powering payments, decentralized finance (DeFi) services, and other innovations. Cardano’s blockchain could be part of that plan, given its reputation for energy efficiency and scalability though no formal partnerships have been announced.
The PAC’s big mission
Charles has been working with lawmakers (both local and federal) for years to push crypto-friendly policies, as he showed during the presidential election in 2024. “I’m proud to deepen my commitment to Wyoming,” Charles said. “We’re laying down a framework for fairness and transparency so everyone gets a fair shot.”
With the PAC, Charles claims he wants a level playing field for startups and big tech companies alike, making sure the best ideas win, not just the most well-connected firms.
“Without a solid foundation of trust and accountability, the tech boom could collapse,” Charles said. Charles worked with former lawmaker Tyler Lindholm and former Deputy Secretary of State Karen Wheeler in the past to help them understand the ins and outs of blockchain technology. The state was one of the first to recognize DAOs (decentralized autonomous organizations) as legal entities.
The University of Wyoming is already running a live demo on Cardano’s Mainnet to show off its tech capabilities. The demo focuses on the “Freeze and Seize” feature, which will be key for the upcoming stablecoin.
This allows assets to be locked or seized if needed, which is a very important feature for any government-backed crypto initiative.
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