WyomingSF 212026 Budget SessionSenate

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: 2 benefits, 0 costs, 1 mixed.

Token surpluses fund Wyoming public schools

The commission uses administration account money first to pay the token program's operating costs in full. Next, it transfers money needed to maintain the separate liquidity reserve at 2% of outstanding token value. It then keeps savings for future operating costs under commission rules. Any money left goes to Wyoming's Public School Foundation Program Account every three months. Administration account money is continuously available for these uses without a new appropriation.

Wyoming tokens gain funding and partnerships

The Wyoming Stable Token Commission can make agreements with other states to coordinate and support use of its tokens. It can also accept federal grants, gifts, donations, transfers, bequests, and other contributions from any source. Contributions can enter any of the program's accounts, following commission rules and the receiving account's legal limits. These powers do not create a direct household payment. The law took effect immediately upon completion of the constitutional enactment steps.

Wyoming token backing shifts between accounts

Wyoming's token trust must hold at least 100% of outstanding token value, with its money reserved for token redemption. Earnings above 100% move to the administration account; the old transfer threshold was 102%. A new, separate 2% reserve can support redemptions and cover losses when trust assets are sold. Allowed trust investments include cash, Treasuries maturing within 365 days, Treasury repurchase agreements lasting up to 30 days, and money market funds meeting federal rule 17 C.F.R. part 270.2a-7. Creating the trust does not establish a fiduciary duty—a legal duty to act in token holders' best interests.

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. Assigned Chapter Number 55

    3/6/2026
  2. Governor Signed SEA No. 0045

    3/6/2026Governor
  3. H Speaker Signed SEA No. 0045

    3/5/2026House
  4. S President Signed SEA No. 0045

    3/5/2026Senate
  5. Assigned Number SEA No. 0045

    3/4/2026
  6. H 3rd Reading:Passed 36-24-2-0-0

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

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

    3/2/2026House
  9. H Placed on General File

    2/27/2026House
  10. H09 - Minerals:Recommend Do Pass 9-0-0-0-0

    2/27/2026House
  11. H Introduced and Referred to H09 - Minerals

    2/25/2026House
  12. H Received for Introduction

    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. S Placed on General File

    2/19/2026Senate
  17. S09 - Minerals:Recommend Amend and Do Pass 4-0-1-0-0

    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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