Former Cheyenne Mayor Orr Discusses Wyoming Cryptocurrency

Former Cheyenne Mayor Marian Orr appeared on the ''Weekend in Wyoming" program on Saturday to discuss her role as CEO of American CryptoFed as well as cryptocurrency in general.

American CryptoFed is the first company registered in Wyoming under legislation that allows for decentralized autonomous organizations. Such organizations are governed by rules that allow for the direct management of the company by its members rather than a centralized corporate hierarchy.

Orr said Saturday that while she is serving as the company's CEO for now, eventually her position will disappear as the company gets up and running. A bill authorizing the formation of d.a.o. companies was passed by the Wyoming Legislature earlier this year, and American CryptoFed was registered with the Wyoming Secretary of State's office shortly after the new law took effect at midnight on July 1.

Orr said Saturday that the company will soon be issuing a couple of cryptocurrencies, the Ducat and the Locke.

The former mayor says her experience in city government shows the advantages of cryptocurrencies:

"Having been mayor, when someone comes in for a building permit, we typically pay those expensive business permitting fees with a corporate credit card, and so the city is being charged anywhere from 1 to 3% to take that businesses money...so we can save cities, towns and counties money in conducting business...in the future it should be a pretty decent revenue source and should offset any kind of need to increase fees or taxes."

Orr, who was the first female mayor of Cheyenne, served as the head of Wyoming's largest city from 2017-2021. You can hear all of her comments from Saturday's interview in the audio file below:

LOOK: The most expensive weather and climate disasters in recent decades

Stacker ranked the most expensive climate disasters by the billions since 1980 by the total cost of all damages, adjusted for inflation, based on 2021 data from the National Oceanic and Atmospheric Administration (NOAA). The list starts with Hurricane Sally, which caused $7.3 billion in damages in 2020, and ends with a devastating 2005 hurricane that caused $170 billion in damage and killed at least 1,833 people. Keep reading to discover the 50 of the most expensive climate disasters in recent decades in the U.S.

LOOK: What are the odds that these 50 totally random events will happen to you?

Stacker took the guesswork out of 50 random events to determine just how likely they are to actually happen. They sourced their information from government statistics, scientific articles, and other primary documents. Keep reading to find out why expectant parents shouldn't count on due dates -- and why you should be more worried about dying on your birthday than living to 100 years old.