Wyoming Gold Act
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Official record
Bill Summary - 25LSO-0313 Bill No.: SF0096 Effective: 1/1/2026 LSO No.: 25LSO-0313 Enrolled Act No.: SEA No. 0013 Chapter No.: 42 Prime Sponsor: Ide Catch Title: Wyoming Gold Act. Has Report: Yes Subject: Wyoming Legal Tender Act. Summary/Major Elements: This bill requires the State Treasurer to implement the Legal Tender Act by holding not less than ten million dollars ($10,000,000.00) in specie and specie legal tender in the permanent Wyoming Mineral Trust Fund. The bill authorizes the State Treasurer to invest in precious metal leases or bonds payable in precious metals if market conditions warrant and to contract for services related to the implementation of the bill. The bill requires the Department of Revenue to study methods for the state to begin accepting gold and silver as a payment medium. The Department is required to report on the study to the Joint Revenue Interim Committee and the Select Committee on Capital Financing and Investments not later than October 1, 2025. Comments: Requires a report. Has a delayed effective date of January 1, 2026. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.
Public statements
Last checked Aug 5, 2:48 AM
R · H31
Why they voted this way
The lawmaker opposes the amendment because it restricts the bill's purpose of holding physical precious metals, noting that rights to such metals can already be held.
D · H23
Why they voted this way
The lawmaker supports the amendment because holding physical gold involves unclear costs and opportunity costs compared to other investments.
R · H61
Why they voted this way
The lawmaker supports the amendment because blockchain technology provides a secure, unstealable ledger system that validates possession better than physical storage.
R · H35
Why they voted this way
The lawmaker opposes the amendment because they believe Bitcoin should be addressed in a separate bill rather than this one.
D · H16
Why they voted this way
The lawmaker supports the amendment because Bitcoin has historically beaten inflation better than gold and can generate wealth while being held.
R · H47
Why they voted this way
The lawmaker supports the amendment because it provides assurance against anxiety regarding physical investments.
R · H44
Why they voted this way
The lawmaker supports the amendment because Bitcoin's limited supply and mining algorithm create value similar to precious metals.
R · H08
Why they voted this way
The lawmaker opposes the amendment because they believe physical items like batteries are more necessary than Bitcoin in an apocalypse scenario.
R · H30
Why they voted this way
The lawmaker opposes the amendment because they feel the legislature is overstepping into telling financial advisors what investments to make.
R · H32
Why they voted this way
The lawmaker opposes the amendment because they believe Bitcoin does not fit within the definitions or scope of this bill.
R · H11
Why they voted this way
The lawmaker supports the amendment because Bitcoin is sound money similar to gold, and its supply decreases every four years while demand increases.
R · H07
Why they voted this way
The lawmaker supports the amendment because it allows investment funds to acquire gold, spreading holding costs across the market and making it cheaper for individuals.
R · H09
Why they voted this way
The lawmaker opposes the amendment because he believes keeping the bill as currently written is preferable.
If a lawmaker is not listed, we couldn't find a published reason.
Wyoming roll calls
6 roll calls
Official activity
Changes
13 stored
The amendment adds a provision to provide $50,000 from the general fund to the Department of Revenue for conducting a study required by the bill.
The amendment changes the Wyoming Gold Act by removing certain provisions related to hiring consultants and altering wording about holding specie.
The amendment to SF0096H2003 adds new types of investments that the state treasurer can hold and invest in, changes some requirements to options, and includes a condition for market conditions.
The amendment adds bitcoin as a form of legal tender and sets a minimum investment requirement for the state treasurer to hold at least one million dollars in bitcoin.
The amendment modifies a bill by adding language that allows the state treasurer to hold and invest in gold futures or funds that allow for physical gold delivery, in addition to specie and specie legal tender.
The amendment adds a provision to provide $45,000 from the general fund to the Department of Revenue for conducting a study required by the Wyoming Legal Tender Act.
The amendment changes the term 'permanent Wyoming mineral trust' to 'general' in the bill.
The amendment removes the requirement for a study and report, changes the bill's title to remove references to multiple effective dates, deletes certain sections of the bill text, and sets a single effective date for the act.
The amendment adds a condition that the state treasurer must only hold and invest specie and specie legal tender if the current price of gold per ounce is equal to or less than the average price of gold in 2019.
The amendment adds bitcoin as a form of legal tender and sets a minimum investment requirement for the state treasurer to hold at least one million dollars in bitcoin.
The amendment changes the role from the state treasurer to the department of revenue for holding and investing specie and specie legal tender.
The amendment removes certain sections of the bill, including rulemaking authority and specific investment requirements, and adds a new requirement for the state treasurer to conduct a study on accepting gold and silver as payment.
The amendment changes where the state treasurer must hold and invest specie and specie legal tender from all state managed accounts to just the permanent Wyoming mineral trust fund.