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HB0256 • 2025

Select Committee on Blockchain and Emerging Technologies-1.

AN ACT relating to the legislature; amending the name and duties of the select committee on blockchain, financial technology and digital innovation technology; amending the sponsorship authority of the select committee; making conforming amendments; and providing for an effective date.

Technology
Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor
Representative Singh
Last action
2025-02-03
Official status
inactive
Effective date
3/1/2025

Plain English Breakdown

The official source material does not provide specific details on how many technology companies might be affected by this act.

Changes to Blockchain and Emerging Technologies Committee

This act changes the name and duties of a committee that works on blockchain technology and other new technologies in Wyoming.

What This Bill Does

  • Changes the name of the select committee from 'blockchain, financial technology and digital innovation technology' to 'blockchain and emerging technologies'.
  • Updates the committee's responsibilities to include developing knowledge about issues related to these technologies and introducing legislation to support them.
  • Adds a requirement for the governor to appoint liaisons who will help the committee with issues related to these technologies.
  • Limits the committee from introducing certain types of legislation without permission from another group.

Who It Names or Affects

  • The select committee on blockchain and emerging technologies in Wyoming

Terms To Know

Blockchain technology
A system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system.
Emerging technologies
New and innovative technologies that are just beginning to be developed or used.

Limits and Unknowns

  • The bill did not pass in its session.
  • It is unclear how many technology companies will benefit from the changes made by this act.

Bill History

  1. 2025-02-03 House

    H Did not Consider for Introduction

  2. 2025-01-21 House

    H Received for Introduction

  3. 2025-01-20 LSO

    Bill Number Assigned

Current Bill Text

Read the full stored bill text 
25LSO-0686
2025
STATE OF WYOMING
25LSO-0686
Numbered
2.0

HOUSE BILL NO. HB0256

Select Committee on Blockchain and Emerging Technologies-1.

Sponsored by: Representative(s) Singh, Andrew and Yin and Senator(s) Nethercott and Rothfuss

A BILL

for

AN ACT relating to the legislature; amending the name and duties of the select committee on blockchain, financial technology and digital innovation technology; amending the sponsorship authority of the select committee; making conforming amendments; and providing for an effective date.

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

Section 1
.

W.S. 28
‑
11
‑
701(a)(intro), (b)(i), (ii), (c)(intro), (i) and by creating a new subsection (d) and 40
‑
31
‑
105(e) are amended to read:

ARTICLE 7
SELECT COMMITTEE ON BLOCKCHAIN AND EMERGING TECHNOLOGIES

28
‑
11
‑
701.

Appointment of members; powers and duties; executive branch liaisons.

(a)

Not later than March 15 following each general election, a select committee on blockchain
, financial technology and digital innovation technology

and emerging technologies
shall be appointed subject to the following:

(b)

The select committee shall:

(i)

Develop knowledge and expertise among its members regarding issues pertaining to blockchain
, financial technology and digital innovation technology

and emerging technologies
;

(ii)

Subject to subsection (e) of this section, d
evelop and introduce legislation as necessary to promote
blockchain, financial technology and digital innovation in Wyoming unless the legislation relates to Title 13 of the Wyoming statues, in which case the legislation shall be recommended to the joint minerals, business and economic development interim committee for consideration
Wyoming's continued leadership in the digital economy by:

(A)

Reducing impediments to economic opportunities for technology and technology companies within the state;

(B)

Developing policies that encourage technology companies to locate and remain in the state;

(C)

Promoting further development of digital commercial activity in the state
.

(c)

Not later than March 15 following each general election, the governor shall appoint three (3) persons to serve as liaisons to the select committee on blockchain
, financial technology and digital innovation technology

and emerging technologies
. The governor may, in a manner consistent with W.S. 9
‑
1
‑
202, remove any liaison to the select committee. The liaisons shall:

(i)

Aid, assist and advise the select committee on issues pertaining to blockchain
, financial technology and digital innovation technology

and emerging technologies
;

(d)

Any legislation that relates to title 13 of the Wyoming statutes shall not be introduced by the select committee without the consent of the chairmen of the joint minerals, business and economic development interim committee. If consent for introduction by the select committee is not obtained, the legislation may be recommended to the joint minerals, business and economic development committee for consideration.

40
‑
31
‑
105.

Powers of the commission.

(e)

Before publicly issuing any fully reserved Wyoming stable tokens, the director shall provide a comprehensive report to the select committee on blockchain
, financial technology and digital innovation technology

and emerging technologies
and the joint minerals, business and economic development interim committee on all actions taken under this act.

Section 2
.

For all purposes the select committee on blockchain and emerging technologies, as renamed in this act, is a continuation of the select committee on blockchain, financial technology and digital innovation technology.

Section 3
.

This act is effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.

(END)

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HB0256