Trusts and bank assets in bankruptcy-clarification.

Wyoming's SF 96 clarifies that certain custodial and fiduciary accounts held by banks - where customers' assets (including digital assets) are managed - cannot be treated as the bank's assets during bankruptcy or receivership. The bill requires banks to keep these assets fully segregated from their own funds, maintain separate accounting, and use written agreements explicitly stating customers retain ownership. It specifically governs digital asset handling, allowing stablecoin reserves and third-party trading platforms under strict segregation rules, while prohibiting commingling of customer assets with the bank’s or third parties’ assets. This directly affects banks offering digital asset custody services and their customers by ensuring asset protection in financial distress.