Wyoming Smart Contract Legislation

Wyoming

Brookings Grade: Organized

Bills

HB70: Open blockchain tokens-exemptions

Pending

 

HB70, as many of the new blockchain related bills from Wyoming, have been passed by the state legislature but are still awaiting signature by the Governor, before becoming law. HB70 exempts utility tokens from security laws.

 

HB19: Wyoming Money Transmitter Act-virtual currency exemption

Pending

 

HB19 exempts cryptocurrencies from Wyoming’s money transmission laws.

 

HB101:Electronic corporate records

Pending

 

HB101 alludes to blockchain technology but uses the term “electronic network.” It modifies state statutes to allow for blockchain-based records, shareholder management, and shareholder votes.

 

HB126: Limited liability companies-series

Pending

 

HB126 creates “series LLCs”, a new form of corporate governance contract for decentralized protocols.

 

SB111: Property taxation-digital currencies.

Passed: 12 March 2018

 

SB111 exempts certain crypto assets from state taxation.