On April 18, it was reported that the Wyoming Stability Coin Board, the agency authorized to issue stable coins in Wyoming, said it was considering adjusting its policy wording to better comply with possible regulatory guidance issued by the Securities and Exchange Commission (SEC). At a meeting held on April 17 at the expansion of the Wyoming State Capitol, Commissioner Joel Revill proposed that the agency could reduce the risk of the state's proposed WYST stablecoins being recognized as securities under SEC rules. Earlier, members and executive director Anthony Apollo launched discussions after the SEC issued guidance stating that certain "regulated stablecoins" are considered "non-securities" and are largely exempt from reporting requirements. "We intend to create our own jargon around some of these issues to clarify and then use it as a starting point for the committee's discussions," Apollo said. He added that SEC guidelines have been discussed within the committee, but plans to address the matter in a May memorandum. The committee was established after Wyoming previously passed a law to issue state-level stablecoins pegged to the U.S. dollar and convertible into legal tender, and has been discussing issues related to WYST. Wyoming Governor Mark Gordon said in August last year that the government initially planned to launch the stablecoin in the first quarter of 2025, but later revised the timetable to a possible launch in July.