WY HB0160

Creates a new legal framework under Wyoming Statutes Title 43 for classifying and governing digital assets recorded on distributed ledgers, establishing two primary categories: "distributed ledger digital assets" and "sealed tokens"

Establishes Wyoming jurisdiction ("lex situs") over digital assets when at least one keyholder is a Wyoming resident, Wyoming-organized entity, or Wyoming-licensed custodian, designating the associated cryptographic relationships as intangible property located in Wyoming

Implements a five-tier "sealed scope hierarchy" for analyzing digital assets: statute scope, sealed jurisdictional nexus scope, distributed ledger digital asset scope, subject matter scope, and legal regime scope

Provides over 100 statutory definitions for technical and legal terms including "keyholder," "sealed token," "governance token," "smart contract," and various "corpus" and "indicia" pairs used for legal characterization of blockchain-based assets

Effective date: July 1, 2026