WyomingSF 212026 Budget SessionSenateWALLET

AN ACT relating to trade and commerce; authorizing gifts, donations and bequests to be deposited into the Wyoming stable token trust account; amending the Wyoming stable token commission's authorized investments; amending the trust account's reserve requirement; amending the distribution of funds within the Wyoming stable token administration account; creating a Wyoming stable token liquidity account; authorizing the Wyoming stable token commission to enter into agreements as specified; and providing for an effective date.

Sponsored By: null BlockChain/Technology

Signed by Governor

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 3 benefits, 0 costs, 0 mixed.

2% liquidity reserve and school payments

The law creates an administration account that is always available to the commission. Money in this account pays operating costs first until fully paid. Next, it funds a liquidity account to reach and keep 2% of the total value of all outstanding tokens. The liquidity account is separate from the trust and can send money to the trust to cover losses or help redeem tokens. After saving for future costs under commission rules, any leftover money is sent each quarter to the state’s public school foundation program account.

Wyoming tokens 100% cash backed

The law creates a trust account for all money backing Wyoming stable tokens. The trust must always hold at least 100% of the total value of all outstanding tokens. It can only invest in cash, U.S. Treasuries that mature in 365 days or less, U.S. Treasury repos of 30 days or less, or short‑term assets that meet federal Rule 2a-7. Investment earnings go into the trust first; any amount beyond what is needed for full backing moves to the administration account.

Commission powers and interstate token use

The law creates the Wyoming Stable Token Commission as a state instrumentality. The commission may adopt a seal and can sue or be sued. It may make agreements with other states to consult, coordinate, and help people use Wyoming stable tokens across state lines. The commission may accept federal grants, gifts, donations, bequests, and transfers for any account it manages, and money must follow each account’s rules.

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Sponsors & Cosponsors

Sponsor

  • null BlockChain/Technology

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 102 • No: 33

House vote 3/4/2026

H 3rd Reading:Passed 36-24-2-0-0

Yes: 36 • No: 24

House vote 2/27/2026

H09 - Minerals:Recommend Do Pass 9-0-0-0-0

Yes: 9 • No: 0

Senate vote 2/24/2026

S 3rd Reading:Passed 26-5-0-0-0

Yes: 26 • No: 5

Senate vote 2/19/2026

S09 - Minerals:Recommend Amend and Do Pass 4-0-1-0-0

Yes: 4 • No: 0

House vote 2/9/2026

S Introduced and Referred to S09 - Minerals 27-4-0-0-0

Yes: 27 • No: 4

Actions Timeline

  1. Governor Signed SEA No. 0045

    3/6/2026Governor
  2. Assigned Chapter Number 55

    3/6/2026
  3. S President Signed SEA No. 0045

    3/5/2026Senate
  4. H Speaker Signed SEA No. 0045

    3/5/2026House
  5. H 3rd Reading:Passed 36-24-2-0-0

    3/4/2026House
  6. Assigned Number SEA No. 0045

    3/4/2026
  7. H 2nd Reading:Passed

    3/3/2026House
  8. H COW:Passed

    3/2/2026House
  9. H09 - Minerals:Recommend Do Pass 9-0-0-0-0

    2/27/2026House
  10. H Placed on General File

    2/27/2026House
  11. H Received for Introduction

    2/25/2026House
  12. H Introduced and Referred to H09 - Minerals

    2/25/2026House
  13. S 3rd Reading:Passed 26-5-0-0-0

    2/24/2026Senate
  14. S 2nd Reading:Passed

    2/23/2026Senate
  15. S COW:Passed

    2/20/2026Senate
  16. S09 - Minerals:Recommend Amend and Do Pass 4-0-1-0-0

    2/19/2026Senate
  17. S Placed on General File

    2/19/2026Senate
  18. S Introduced and Referred to S09 - Minerals 27-4-0-0-0

    2/9/2026Senate
  19. S Received for Introduction

    1/5/2026Senate
  20. Bill Number Assigned

    12/11/2025

Bill Text

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