SF0105 • 2021

Disclosure of private cryptographic keys.

AN ACT relating to digital assets; specifying disclosure obligations applicable to private cryptographic keys; and providing for an effective date.

Technology

Inactive

Wyoming marks this bill as inactive, which usually means it is no longer moving in the current session.

Sponsor: BlockChain/Technology
Last action: 2021-04-07
Official status: inactive
Effective date: 3/1/2021

Plain English Breakdown

The official source material does not provide a detailed summary text for SF0105.

Disclosure of Private Cryptographic Keys

The bill prohibits compelling individuals to disclose their private cryptographic keys in most legal proceedings.

What This Bill Does

Prohibits the compulsion of individuals to produce or reveal a private key in civil, administrative, legislative, or other state proceedings unless the public key is unavailable or unable to provide necessary information about digital assets.

Who It Names or Affects

Individuals who possess private cryptographic keys.
Courts and government agencies involved in legal proceedings related to digital assets.

Terms To Know

Private key: A secret code that provides access to digital assets or information stored in a secure system, as defined by W.S. 34-29-103(e)(iii).
Public key: An open code used with a private key to unlock or verify digital assets and transactions.

Limits and Unknowns

The bill does not specify the consequences for those who attempt to use the law in unintended ways.
It is unclear how this law will be enforced or what penalties there might be for breaking it.

Bill History

2021-04-07 Senate
S:Died in Committee Returned Bill Pursuant to SR 5-4
2021-03-19 Senate
S No report prior to CoW Cutoff
2021-03-01 Senate
S Introduced and Referred to S09 - Minerals
2021-02-24 Senate
S Received for Introduction
2021-02-24 LSO
Bill Number Assigned

Current Bill Text

Read the full stored bill text

21LSO-0028
2021
STATE OF WYOMING
21LSO-0028
Numbered
2.0

SENATE FILE NO. SF0105

Disclosure of private cryptographic keys.

Sponsored by: Select Committee on Blockchain, Financial Technology and Digital Innovation Technology

A BILL

for

AN ACT relating to digital assets; specifying disclosure obligations applicable to private cryptographic keys; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1.

W.S. 34
‑
29
‑
107 is created to read:

34
‑
29
‑
107.

Production of private keys; prohibition
.

No person shall be compelled to produce a private key or make a private key known to any other person in any civil,
administrative, legislative or other proceeding in this state that relates to a digital asset, other interest or right to which the private key provides access unless a public key is unavailable or unable to disclose the requisite information with respect to the digital asset, other interest or right. This paragraph shall not be interpreted to prohibit any lawful proceeding that compels a person to produce or disclose a digital asset, other interest or right to which a private key provides access, or to disclose information about the digital asset, other interest or right, provided that the proceeding does not require production or disclosure of the private key.

Section 2
.

W.S. 34
‑
29
‑
101(a) by creating a new paragraph (v) is amended to read:

34
‑
29
‑
101.

Definitions
.

(a)

As used in this chapter:

(v)

"Private key" means as defined by W.S. 34
‑
29
‑
103(e)(iii).

Section 3
.

This act is effective July 1, 2021.

(END)

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SF0105