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State-Issued Stablecoins and the Future of Digital Currency Regulation: Lessons from Wyoming’s Frontier Token

Wyoming launches first state-issued stablecoin, exploring stablecoin mechanics, GENIUS Act implications, and U.S. digital finance leadership.

2025-11-17 13:00:00

1 hours

Program Details

2025-11-17 13:00:00

2025-11-17 13:00:00

Over 1,000+ webinars

2025-11-17 13:00:00

1 hours

Program Details

2025-11-17 13:00:00

Program Details

2025-11-17 13:00:00

Over 1,000+ webinars

2025-11-17 13:00:00

1 hours

1000+

Live stream programs

24/7

Access to live webinars & recordings

70,000+

Trusted by Legal Professionals

1000+

Live stream programs

24/7

Access to live webinars & recordings

70,000+

Trusted by Legal Professionals

1000+

Live stream programs

24/7

Access to live webinars & recordings

10,000+

Trusted by Legal Professionals

1000+

Live stream programs

24/7

Access to live webinars & recordings

70,000+

Trusted by Legal Professionals

Course Overview

Mastering State-Issued Stablecoins and Digital Finance

2025-11-17 13:00:00

Participants will learn how Wyoming’s Frontier Stable Token operates as the first state-issued stablecoin and its implications under the GENIUS Act. Gain practical insights into compliance frameworks, reserve management, and competitive positioning.

Format

CLE Credit

1h CLE Credits

Level

Intermediate

Length

1

Key topics that will be covered

01
Frontier Token
Wyoming’s state-issued stablecoin generates reserve interest funding public schools.
02
Reserve Requirements
Frontier maintains 102% over-collateralization in short-term treasuries and overnight repos.
03
GENIUS Act
Federal framework excludes governmental entities from its definition of person.
04
Bank Strategies
Large banks will build stablecoins; regional banks will pursue partnerships.
05
Global Competition
MiCA, Singapore, and Bermuda offer varying regulatory approaches to stablecoins.
06
U.S. Leadership
Success requires flawless implementation, interoperability, merchant acceptance, and international coordination.

Program schedule

clock 1:00 pm - 1:15 pm EST

Wyoming's Frontier Token Strategy and State Innovation

Explore Wyoming’s pioneering approach as the first state to issue a fiat-backed stablecoin, including the strategic rationale behind FRNT and its public good mission to fund education. Learn about the implementation process, blockchain infrastructure spanning seven chains, and the potential ripple effects as other states like North Dakota and Nebraska consider similar models.

Flavia NavesFlavia Naves
Gary E. KalbaughGary E. Kalbaugh
clock 1:15 pm - 1:30 pm EST

Stablecoin Mechanics and Real-World Commercial Applications

Understand how fiat-backed stablecoins function differently from fractional reserve banking, operating as narrow banks with full one-to-one redemption guarantees. Discover the comparative advantages over traditional payment services and cryptocurrencies, including practical applications from tax payments to low-cost international remittances.

Flavia NavesFlavia Naves
Gary E. KalbaughGary E. Kalbaugh
clock 1:30 pm - 1:45 pm EST

GENIUS Act Framework and Regulatory Policy Analysis

Analyze the impact of the GENIUS Act passed in summer 2025, which provides a regulatory framework excluding stablecoins from securities and commodities jurisdiction. Examine how Wyoming positions itself relative to the Act’s requirements, the July 2026 federal rulemaking deadline, and the balance between safety standards and competitive innovation.

Flavia NavesFlavia Naves
Gary E. KalbaughGary E. Kalbaugh
clock 1:45 pm - 2:00 pm EST

Competitive Landscape and U.S. Global Stablecoin Leadership

Survey the evolving competition between state-issued and privately-issued stablecoins, and how major banks are positioning their strategies from building proprietary solutions to white-label partnerships. Assess the four key requirements for U.S. global leadership: flawless GENIUS implementation, blockchain interoperability, merchant acceptance, and international regulatory coordination.

Flavia NavesFlavia Naves
Gary E. KalbaughGary E. Kalbaugh
Flavia Naves

Flavia Naves

Hathaway & Kunz LLP

Gary E. Kalbaugh

Gary E. Kalbaugh

Cahill Gordon & Reindel LLP

Flavia Naves

Flavia Naves

Hathaway & Kunz LLP

Distinguished legal and compliance executive who has played a pivotal role in shaping the growth and innovation of financial services companies at every stage of development. Recognized for her entrepreneurial mindset, ability to anticipate regulatory shifts, and proven track record of driving businesses forward in highly complex markets.

Education & Credentials

Law degree from Pontificia Universidade Católica de Minas Gerais; certificate in U.S. legal studies from Widener University Commonwealth Law School.

Recognition & Leadership

Widely connected across the banking, money transmission, and payments sectors; trusted advisor to industry leaders and a respected voice before state and federal regulators.

Professional Involvement

Commissioner on Wyoming's Stable Token Commission.

Experience

Currently Of Counsel at Hathaway & Kunz in Cheyenne, advising companies on corporate strategy, licensing, and regulatory compliance. Serves as Commissioner on Wyoming's Stable Token Commission. Career includes senior leadership positions at global companies such as Circle, Intuit, and Worldplay, where she helped advance transformative initiatives in fintech and payments.
Gary E. Kalbaugh

Gary E. Kalbaugh

Cahill Gordon & Reindel LLP

Partner and preeminent authority in the derivatives field who is also the leading derivatives lawyer in the digital assets space, and one of few to truly understand the technical side of emerging financial technology. Sought after as a thought leader on the evolving landscape of digital asset regulation and the regulatory implications of AI in financial markets.

Recognition & Leadership

Author of the principal treatise Derivatives Law and Regulation (3rd ed. 2021); serves as Editor-in-Chief of the Futures and Derivatives Law Report, the foremost industry publication; frequent speaker, writer, and commentator on derivatives, banking law, artificial intelligence, and digital assets regulation.

Professional Involvement

Serves on the CFTC's Future of Finance Subcommittee; past chair of the New York City Bar Association's Committee on the Regulation of Futures and Derivatives; served as conference co-chair for the American Bar Association's 'Artificial Intelligence and Derivatives Market' conference.

Experience

Partner at Cahill Gordon & Reindel LLP; Special Professor of Law at the Maurice A. Deane School of Law at Hofstra University teaching derivatives law and banking law with over 15 years of experience. At ING, served as Deputy General Counsel and Director, chaired swap dealer and security-based swap dealer regulatory committees, co-developed ING legal's global artificial intelligence training program, and was responsible for U.S. regulatory issues relating to ING's blockchain-based pilot programs and crypto initiatives. Previously served as lecturer-in-law at Columbia Law School and held senior roles at WestLB as executive director, counsel, and chief U.S. data protection officer.
Flavia Naves

Flavia Naves

Hathaway & Kunz LLP

Distinguished legal and compliance executive who has played a pivotal role in shaping the growth and innovation of financial services companies at every stage of development. Recognized for her entrepreneurial mindset, ability to anticipate regulatory shifts, and proven track record of driving businesses forward in highly complex markets.

Education & Credentials

Law degree from Pontificia Universidade Católica de Minas Gerais; certificate in U.S. legal studies from Widener University Commonwealth Law School.

Recognition & Leadership

Widely connected across the banking, money transmission, and payments sectors; trusted advisor to industry leaders and a respected voice before state and federal regulators.

Professional Involvement

Commissioner on Wyoming's Stable Token Commission.

Experience

Currently Of Counsel at Hathaway & Kunz in Cheyenne, advising companies on corporate strategy, licensing, and regulatory compliance. Serves as Commissioner on Wyoming's Stable Token Commission. Career includes senior leadership positions at global companies such as Circle, Intuit, and Worldplay, where she helped advance transformative initiatives in fintech and payments.
Gary E. Kalbaugh

Gary E. Kalbaugh

Cahill Gordon & Reindel LLP

Partner and preeminent authority in the derivatives field who is also the leading derivatives lawyer in the digital assets space, and one of few to truly understand the technical side of emerging financial technology. Sought after as a thought leader on the evolving landscape of digital asset regulation and the regulatory implications of AI in financial markets.

Recognition & Leadership

Author of the principal treatise Derivatives Law and Regulation (3rd ed. 2021); serves as Editor-in-Chief of the Futures and Derivatives Law Report, the foremost industry publication; frequent speaker, writer, and commentator on derivatives, banking law, artificial intelligence, and digital assets regulation.

Professional Involvement

Serves on the CFTC's Future of Finance Subcommittee; past chair of the New York City Bar Association's Committee on the Regulation of Futures and Derivatives; served as conference co-chair for the American Bar Association's 'Artificial Intelligence and Derivatives Market' conference.

Experience

Partner at Cahill Gordon & Reindel LLP; Special Professor of Law at the Maurice A. Deane School of Law at Hofstra University teaching derivatives law and banking law with over 15 years of experience. At ING, served as Deputy General Counsel and Director, chaired swap dealer and security-based swap dealer regulatory committees, co-developed ING legal's global artificial intelligence training program, and was responsible for U.S. regulatory issues relating to ING's blockchain-based pilot programs and crypto initiatives. Previously served as lecturer-in-law at Columbia Law School and held senior roles at WestLB as executive director, counsel, and chief U.S. data protection officer.

Credits by state

AK1.0
AL1.0
AR1.0
AZ1.0
CA1.0
CO1.0
CT1.0
DC1.0
DE1.0
FL1.0
GA1.0
HI1.0
IA1.0
ID1.0
IL1.0
IN1.0
KS1.0
KY1.0
LA1.0
MA1.0
MD1.0
ME1.0
MI1.0
MN1.0
MO1.2
MS1.0
MT1.0
NC1.0
ND1.0
NE1.0
NH60.0
NJ1.2
NM1.0
NV1.0
NY1.0
OH1.0
OK1.0
OR1.0
PA1.0
RI1.0
SC1.0
SD1.0
TN1.0
TX1.0
UT1.0
VA1.0
VT1.0
WA1.0
WI1.0
WV1.2
WY1.0

Legal updates that every attorney needs to know

MCLE Credits

Alabama
Pending
Alaska
Approved
Arizona
Approved
Arkansas
Approved
California
Approved
Colorado
Approved
Connecticut
Approved
Delaware
Pending
District of Columbia
No Required
Florida
Approved
Georgia
Approved
Hawaii
Approved
Idaho
Pending
Illinois
Approved
Indiana
Pending
Iowa
Approved
Kansas
Pending
Kentucky
Pending
Louisiana
Pending
Maine
Pending
Maryland
No Required
Massachusetts
No Required
Michigan
No Required
Minnesota
Approved
Mississippi
Pending
Missouri
Approved
Montana
Pending
Nebraska
Pending
Nevada
Pending
New Hampshire
Approved
New Jersey
Approved
New Mexico
Approved
New York
Approved
North Carolina
Pending
North Dakota
Approved
Ohio
Approved
Oklahoma
Approved
Oregon
Pending
Pennsylvania
Approved
Rhode Island
Pending
South Carolina
Pending
South Dakota
No Required
Tennessee
Approved
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Approved
Utah
Pending
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Approved
Virginia
Not Eligible
Washington
Approved
West Virginia
Pending
Wisconsin
Approved
Wyoming
Approved

Alabama

Requirements

The Alabama State Bar MCLE Commission requires attorneys to complete 12 credits, including 1 ethics, by December 31 of each year. All credits must be reported by February 15 of the following year. A maximum of 12 credits, including 1 ethics credit, may be carried over for 1 year only.  

Formats

  • Attorneys can earn unlimited “live” credit through live seminars, live webcasts, and co-sponsored locations with MyLAWCLE-Alabama approved programs
  • Attorneys are limited to 6 credits per compliance period of “online” programs through MyLAwCLE On-Demand programs