SF 21 Wyoming House · 2026 Regular Session

Wyoming stable token-amendments.

This bill creates two key accounts to manage Wyoming's stable token program. The "Wyoming Stable Token Trust Account" holds all funds from token sales to back redemptions (ensuring each token can be exchanged for its value), with strict rules limiting investments to cash or short-term U.S. treasury securities. Any earnings exceeding 102% of the tokens' total value are moved to the "Wyoming Stable Token Administration Account," which distributes excess funds quarterly to the public school foundation program. The bill directly affects token holders and the state's financial management of stable tokens, with provisions taking effect July 1, 2026.
Bill status signed all 5 stages cleared
Introduction
Feb 2026
Committee Review
Mar 2026
Senate Passage
Feb 2026
House Passage
Mar 2026
Signed into Law
Mar 2026
Introduced Feb 9, 2026 Signed Mar 6, 2026
Maddy AI version diff · 1 comparison

What changed between versions

Introduced Enrolled · 3 edits · Mar 6, 2026
MINOR
The bill was amended to add a new 'Wyoming stable token liquidity account' and clarify the distribution of funds from the administration account. The primary change is the introduction of a mandatory 2% reserve requirement in the new liquidity account to support token redemptions and mitigate losses, shifting the remaining funds to public schools. The effective date was also changed from July 1, 2026, to immediately upon becoming law.
Scope change
The bill now explicitly creates a separate liquidity account and modifies the fund distribution hierarchy to prioritize maintaining a 2% reserve for redemption support before distributing funds to public schools.
REQUIREMENT

Created a new 'Wyoming stable token liquidity account' that must hold a reserve equal to 2% of the notional value of all outstanding Wyoming stable tokens.

FISCAL

Revised the fund distribution priority in the administration account to first pay operational costs, then transfer funds to the new liquidity account, and finally distribute any remainder to the public school foundation.

TIMELINE

Changed the effective date from July 1, 2026, to immediately upon the bill's completion of the legislative process.

Floor votes · Senate Feb 24, 2026 · House Mar 4, 2026

How they voted

265
Passed
Total votes 31
Feb 24, 2026
D Democratic2
2 Yea
100% Yea
R Republican29
24 Yea 5 Nay
82% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
20
Key actions
7
Committee
4
Mar 6, 2026
Signed into law
Governor Signed SEA No. 0045
legislature
Mar 4, 2026
Lower · Passed
H 3rd Reading:Passed 36-24-2-0-0
lower
Mar 2, 2026
Lower · Passed
H COW:Passed
lower
Feb 27, 2026
Lower · Passed
H09 - Minerals:Recommend Do Pass 9-0-0-0-0
lower
Feb 25, 2026
Introduced
H Introduced and Referred to H09 - Minerals
lower
Feb 24, 2026
Upper · Passed
S 3rd Reading:Passed 26-5-0-0-0
upper
Feb 21, 2026
Upper · Passed
S COW:Passed
upper
Feb 19, 2026
Upper · Passed
S09 - Minerals:Recommend Amend and Do Pass 4-0-1-0-0
upper
Feb 9, 2026
Introduced
S Introduced and Referred to S09 - Minerals 27-4-0-0-0
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.