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Wyoming – New Blockchain Legislation

House Bill 62 (Chapter 170) signed by the governor and effective February 28 enacted the Utility Token Act requiring the developer or seller of an open blockchain token available for sale to electronically file a notice of intent with the Secretary of State and pay a filing fee of $1,000.00. The bill text can be accessed at https://www.wyoleg.gov/Legislation/2019/HB0062


House Bill 70 (Chapter 94) signed by the governor and effective February 26 requires the Secretary of State to develop and implement not later than December 31, 2021 an industry leading blockchain commercial filing system.  The bill text can be accessed at https://wyoleg.gov/Legislation/2019/HB0070