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WY SF0021

Bill

Status

Passed

3/6/2026

Primary Sponsor

Blockchain, Financial Technology and Digital Innovation Technology

Click for details

Origin

Senate

2026 Budget Session

AI Summary

  • Creates a new Wyoming stable token liquidity account that must maintain a reserve equal to 2% of the notional value of all outstanding issued Wyoming stable tokens

  • Reduces the trust account reserve requirement from 102% to 100% of the notional value of outstanding tokens, with excess investment earnings transferred to the administration account

  • Expands authorized investments for the trust account to include compliance with SEC Rule 2a-7 (money market fund regulations) in addition to existing options of cash, U.S. Treasury securities (365 days or less), and repurchase agreements (30 days or less)

  • Authorizes the Wyoming stable token commission to enter into agreements with other states for consulting, coordinating, and facilitating the use of Wyoming stable tokens

  • Allows the commission to accept federal grants, gifts, donations, and bequests from any source for deposit into the token accounts, with remaining funds after operational costs and reserves distributed quarterly to the public school foundation program account

Legislative Description

Wyoming stable token-amendments.

Last Action

Assigned Chapter Number 55

3/6/2026

Committee Referrals

Minerals, Business & Economic Development2/9/2026

Full Bill Text

No bill text available