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WY SF0021
Bill
Status
3/6/2026
Primary Sponsor
Blockchain, Financial Technology and Digital Innovation Technology
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AI Summary
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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
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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
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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)
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Authorizes the Wyoming stable token commission to enter into agreements with other states for consulting, coordinating, and facilitating the use of Wyoming stable tokens
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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