summary
Introduced
02/14/2024
02/14/2024
In Committee
02/29/2024
02/29/2024
Crossed Over
02/27/2024
02/27/2024
Passed
03/06/2024
03/06/2024
Dead
Signed/Enacted/Adopted
03/15/2024
03/15/2024
Introduced Session
2024 Budget Session
Bill Summary
AN ACT relating to banks, banking and finance; specifying when certain accounts shall not be deemed assets or liabilities of financial institutions for purposes of receivership, conservatorship or bankruptcy; amending requirements for banks providing custodial or fiduciary services for digital assets; providing definitions; making conforming amendments; and providing for an effective date.
AI Summary
This bill specifies when certain accounts held by financial institutions, such as custodial or fiduciary accounts, shall not be deemed assets or liabilities of the institution for the purposes of receivership, conservatorship, or bankruptcy. It establishes requirements for these "covered accounts," including segregation of assets, prohibition on commingling, and allowance for staking of digital assets. The bill also allows supervised trust companies to provide digital asset custodial services and clarifies the treatment of stablecoin reserves. The provisions are intended to provide clarity on the status of these accounts during insolvency proceedings.
Committee Categories
Business and Industry, Transportation and Infrastructure
Sponsors (8)
Ocean Andrew (R)*,
Affie Ellis (R)*,
Dan Furphy (R)*,
Tara Nethercott (R)*,
Chris Rothfuss (D)*,
Daniel Singh (R)*,
Cyrus Western (R)*,
Mike Yin (D)*,
Last Action
Assigned Chapter Number 80 (on 03/15/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.wyoleg.gov/Legislation/2024/SF0096 |
| Analysis - Summary as Passed | https://www.wyoleg.gov/2024/Summaries/SF0096.pdf |
| BillText | https://www.wyoleg.gov/2024/Enroll/SF0096.pdf |
| BillText | https://www.wyoleg.gov/2024/Engross/SF0096.pdf |
| Senator Rothfuss | https://wyoleg.gov/2024/Amends/SF0096SW001.pdf |
| BillText | https://www.wyoleg.gov/2024/Introduced/SF0096.pdf |
| Fiscal Note | https://www.wyoleg.gov/2024/Fiscal/SF0096.pdf |
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