Technology

Wyoming's SF 85 (RAVEN Act) creates a dedicated funding account for the state's Internet Crimes Against Children (ICAC) task force, directly supporting law enforcement efforts to investigate and combat online child exploitation. The bill appropriates $1.6 million from the general fund (2026-2028) to sustain the ICAC program, with funds continuously available for investigations, victim assistance, and public education on internet safety. All money in the account must be used solely by the Division of Criminal Investigation to address internet crimes against children, with no funds allowed to lapse or transfer to other purposes. The account will accept additional grants or donations, ensuring stable, long-term resources for this critical law enforcement work.

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.