Digital Taxonomy Act.

Wyoming's HB 160, the Digital Taxonomy Act, defines key terms and creates a classification system for digital assets (like cryptocurrencies) and "sealed tokens" recorded on distributed ledgers (e.g., blockchain). It establishes legal frameworks for characterizing these assets, including definitions for concepts like "distributed ledger," "digital asset," and "computational indicia," to clarify their legal status. The bill directly affects businesses, developers, and legal entities working with digital assets by providing standardized terminology for transactions, ownership, and jurisdiction. It does not impose new taxes or regulations but aims to create a consistent legal foundation for digital asset use within Wyoming. The bill is currently pending, having died in committee in March 2026.