{"id":540532,"date":"2026-06-09T09:51:20","date_gmt":"2026-06-09T08:51:20","guid":{"rendered":"https:\/\/cryptoslate.com\/?post_type=crypto_law&p=540532"},"modified":"2026-06-09T16:41:43","modified_gmt":"2026-06-09T15:41:43","slug":"wyoming-utility-token-act","status":"publish","type":"crypto_law","link":"https:\/\/cryptoslate.com\/crypto-laws\/wyoming-utility-token-act\/","title":{"rendered":"Wyoming Utility Token Act"},"content":{"rendered":"

The Wyoming Utility Token Act<\/a> is Wyoming\u2019s state-level framework for certain open blockchain tokens with consumptive characteristics. As currently codified at Wyo. Stat. \u00a7 34-29-106, the statute treats a qualifying open blockchain token as intangible personal property and places notice-filing, fee, and update duties on developers, sellers, and registered agents before such tokens are made available for sale in Wyoming. The law is effective as a Wyoming statute, but its state filing framework should not be read as resolving federal securities law or the law of other states.<\/p>\n

Key provisions of the Wyoming Utility Token Act<\/h3>\n

The current statute provides that an open blockchain token constitutes intangible personal property when the token\u2019s predominant purpose is consumptive, the developer or seller did not market it to the initial buyer as a financial investment, and at least one additional statutory condition is satisfied. Those conditions include a reasonable belief that the token was sold for a consumptive purpose, availability of consumptive use at or near sale, a resale restriction until consumptive use is available, or other reasonable precautions against financial-investment purchasing.<\/p>\n

Before making a qualifying open blockchain token available for sale, the developer or seller, or the person\u2019s registered agent, must electronically file a notice of intent with the Wyoming Secretary of State and pay a $1,000 filing fee. The notice must include the developer or seller\u2019s name, contact information, and comprehensive details about the token as required by the Secretary of State. The statute also creates a continuing duty to update contact information while the token associated with the notice is actively being sold.<\/p>\n

Facilitator duties and enforcement<\/h3>\n

The Act separately addresses facilitators, defined in the statute as persons who, as a business, make covered open blockchain tokens available for resale to the public after purchase by an initial buyer. A facilitator must confirm that a notice of intent has been filed, maintain a reasonable and good-faith belief that the token conforms to the statutory criteria, and take reasonably prompt action to terminate resale of a nonconforming token.<\/p>\n

Willful failure by a developer, seller, or facilitator to comply with duties under the Act constitutes an unlawful trade practice under Wyoming law. The Secretary of State may refer suspected violations, or token sales that appear to involve financial investment or fraudulent purposes, to appropriate state or federal agencies for investigation, criminal prosecution, civil penalties, or other enforcement actions.<\/p>\n

Relationship to securities and digital asset law<\/h3>\n

The 2019 enrolled act<\/a> that established the current utility-token structure included legislative findings that certain consumptive open blockchain tokens are similar to loyalty programs and are properly classified as intangible personal property under Wyoming law rather than requiring a securities-law exemption. This replaced the earlier 2018 open-blockchain-token exemption approach, and the current Secretary of State notice form<\/a> states that W.S. 17-4-206 has been repealed.<\/p>\n

The statute\u2019s definitions are important to the scope of the law. \u201cConsumptive\u201d refers to tokens exchangeable for, or provided for the receipt of, services, software, content, or real or tangible personal property, including access rights. \u201cOpen blockchain token\u201d is defined by creation, recording, and transferability characteristics tied to a digital ledger or database. The statute excludes virtual currency and digital securities from the definition of an open blockchain token.<\/p>\n

Status and practical scope<\/h3>\n

As of June 9, 2026, the Wyoming Utility Token Act remains codified in the current Wyoming statutes at Wyo. Stat. \u00a7 34-29-106. The operative notice-filing system is administered through the Wyoming Secretary of State\u2019s Compliance Division, whose January 2026 form states that the filing is for Wyoming notice purposes only and has no bearing on federal or other states\u2019 laws. This profile is a legal-reference summary for editorial use and is not legal, tax, investment, or compliance advice.<\/p>\n","protected":false},"excerpt":{"rendered":"

Wyoming\u2019s Utility Token Act classifies qualifying consumptive open blockchain tokens as intangible personal property and requires a state notice filing before sale.<\/p>\n","protected":false},"author":1652,"featured_media":540780,"template":"","meta":[],"crypto_law_jurisdiction":[81504],"crypto_law_topic":[81519,81866,81870,81509,81583],"crypto_law_status":[81537],"crypto_law_type":[81544],"crypto_law_actor":[82262,82263],"crypto_law_asset_class":[82264,81574],"acf":[],"yoast_head":"\nWyoming Utility Token Act | Crypto Law Profile<\/title>\n<meta name=\"description\" content=\"Wyoming Utility Token Act profile: consumptive open blockchain tokens, notice filings and state-law limits under Wyo. 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