{"id":540530,"date":"2026-06-09T09:51:13","date_gmt":"2026-06-09T08:51:13","guid":{"rendered":"https:\/\/cryptoslate.com\/?post_type=crypto_law&p=540530"},"modified":"2026-06-09T09:57:31","modified_gmt":"2026-06-09T08:57:31","slug":"wyoming-digital-assets-existing-law","status":"publish","type":"crypto_law","link":"https:\/\/cryptoslate.com\/crypto-laws\/wyoming-digital-assets-existing-law\/","title":{"rendered":"Wyoming Digital Assets Existing Law"},"content":{"rendered":"

Wyoming Digital Assets Existing Law<\/strong> is an effective Wyoming state statute, originally enacted through 2019 SF0125 \/ SEA No. 0039 and codified principally in Wyo. Stat. Ann. Chapter 34-29, Article 1. The law became effective July 1, 2019, after the governor signed SEA No. 0039 on February 26, 2019, and Chapter No. 91 was assigned in the 2019 Session Laws of Wyoming. It classifies certain digital assets under Wyoming property and Uniform Commercial Code concepts and creates an opt-in custody framework for Wyoming banks.<\/p>\n

Wyoming digital assets law status<\/h3>\n

As of June 9, 2026, this profile treats the law as Effective<\/strong> for Crypto Laws taxonomy purposes. Current Wyoming statutory text places the law in Chapter 29, \u201cDigital Assets,\u201d and defines a \u201cdigital asset\u201d as a representation of economic, proprietary, or access rights stored in computer-readable form that is either a digital consumer asset, digital security, or virtual currency. The codified statute also states that those three subcategories are mutually exclusive.<\/p>\n

The statute should be read as a state property, secured-transactions, and custody law rather than a full licensing regime for all crypto activity. It does not replace federal securities, commodities, banking, anti-money laundering, or tax law. The custody provisions expressly reference federal standards and require compliance with applicable federal anti-money laundering, customer identification, and beneficial ownership requirements.<\/p>\n

Key provisions of Wyoming SF0125<\/h3>\n

Digital asset categories<\/h4>\n

The law recognizes three categories: digital consumer assets, digital securities, and virtual currency. The codified text describes digital consumer assets as assets used or bought primarily for consumptive, personal, or household purposes, including qualifying open blockchain tokens. Digital securities are tied to Wyoming\u2019s securities definition, while virtual currency is described as a medium of exchange, unit of account, or store of value that is not U.S. legal tender.<\/p>\n

Property and UCC treatment<\/h4>\n

Wyoming classifies digital consumer assets, digital securities, and virtual currency as intangible personal property and maps them to specific Uniform Commercial Code concepts for limited purposes. Digital consumer assets are treated as general intangibles for Article 9 purposes; digital securities are treated as securities and investment property for Articles 8 and 9; and virtual currency is treated as money for Article 9 purposes, notwithstanding Wyoming\u2019s general UCC definition.<\/p>\n

Security interests, control, and possession<\/h4>\n

The current codified law addresses perfection and priority of security interests in virtual currency and digital securities. It provides that perfection in virtual currency may be achieved through possession, while perfection in digital securities may be achieved by control. It also permits certain financing-statement filings when the debtor is located in Wyoming and defines control with reference to private keys, multi-signature arrangements, and smart contracts.<\/p>\n

Bank custody framework<\/h4>\n

Wyo. Stat. Ann. \u00a7 34-29-104 allows a bank to provide digital asset custodial services after giving 60 days\u2019 written notice to the banking commissioner. A bank that elects into the framework must comply with the statute, maintain applicable accounting, account statement, internal control, notice, information technology, and federal compliance standards, and maintain possession or control over digital assets held in custody.<\/p>\n

The current statute also states that a bank may provide custody services for stablecoin reserves if those services are consistent with the section and the commissioner\u2019s rules, and that a Wyoming-chartered supervised trust company may provide the services described in the section if it complies with the statute and applicable rules.<\/p>\n

Jurisdictional impact<\/h3>\n

The statute gives Wyoming courts jurisdiction to hear qualifying law and equity claims relating to digital assets, subject to other jurisdictional limits placed on specific courts by Wyoming law. This supports Wyoming\u2019s broader legal infrastructure for digital asset property disputes but does not determine the application of federal law or the law of other jurisdictions.<\/p>\n","protected":false},"excerpt":{"rendered":"

Wyoming\u2019s 2019 Digital Assets Existing Law classifies digital consumer assets, digital securities and virtual currency under state property and UCC rules, and creates an opt-in digital asset custody framework for Wyoming-chartered banks.<\/p>\n","protected":false},"author":1652,"featured_media":540607,"template":"","meta":[],"crypto_law_jurisdiction":[81504],"crypto_law_topic":[81864,81519,81611,81870,81509],"crypto_law_status":[81537],"crypto_law_type":[81544],"crypto_law_actor":[82258,82262,82263],"crypto_law_asset_class":[81635,81687,81572,81648],"acf":[],"yoast_head":"\nWyoming Digital Assets Existing Law | Crypto Law Profile<\/title>\n<meta name=\"description\" content=\"Wyoming\u2019s digital assets law classifies crypto assets under property and UCC rules and creates an opt-in bank custody framework.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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