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25LSO-0601
2025
STATE OF WYOMING
25LSO-0601
Numbered
2.0
HOUSE BILL NO. HB0308
Cryptographic Frontiers Act.
Sponsored by: Representative(s) Singh, Filer, Wasserburger and Yin
A BILL
for
AN ACT relating to trade and commerce; requiring the attorney general to investigate specified federal overreach involving blockchain or cryptocurrency related actions reported by Wyoming residents; authorizing the attorney general to file or intervene in lawsuits as specified; providing definitions; and providing for an effective date.
Be It Enacted by the Legislature of the State of Wyoming:
Section 1
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W.S. 40
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32
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101 through 40
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32
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103 is created to read:
CHAPTER 32
CRYPTOGRAPHIC FRONTIERS ACT
40
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32
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101.
Cryptographic Frontiers Act; short title.
This act shall be known and may be cited as the "Cryptographic Frontiers Act".
40
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32
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102.
Definitions.
(a)
As used in this act unless the context otherwise requires:
(i)
"0x Addresses" means a human readable representation of bytes providing an address to locate blockchain transactions, CID's, wallet addresses, tokens or other blockchain related constructs;
(ii)
"Ascription" means to cryptographically sign a blockchain transaction (or similar analog), CID or protocol with special attributes disambiguating 0x Addresses of different blockchains and blockchain transactions;
(iii)
"Blockchain" means as defined in W.S. 34
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29
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106(g);
(iv)
"Blockchain transaction" means a unit of information in the form of a protocol inserted into a blockchain block or similar analog;
(v)
"By application" means initially by web application then by ascription and seal pending implementation constraints;
(vi)
"Content identifier" or "CID" means a cryptographic hash
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based reference to digital content;
(vii)
"Cryptocurrency" means a type of digital asset that operates on its own native blockchain;
(viii)
"Cryptographically sign" means the signing of a message, record, CID, blockchain transaction or similar analog or any other information using private keys;
(ix)
"Cryptographically signing a blockchain transaction" means signing information in the form of a protocol along with a timestamp inserted into a blockchain transaction through the processes of cryptographic signing using a public key infrastructure or other cryptographic proofs algorithm;
(x)
"Private key" means as defined in W.S. 34
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29
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101(a)(v);
(xi)
"Token" means a cryptographically signed protocol of a mathematical curve having starting and ending values or metrics defining relationships of one (1) or more metrics.
40
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32
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103.
Federal overreach; Attorney general actions.
(a)
The attorney general shall investigate claims by Wyoming residents or businesses of constitutional violations or overreach by the federal government in each of the following areas:
(i)
Unlawful financial service disruptions including:
(A)
Debanking of Wyoming residents;
(B)
Interference with special purpose depository institution's bank and master account access;
(C)
Restrictions on stable coin usage.
(ii)
Unlawful restrictions on the exercise of free expression made through:
(A)
Cryptocurrency, token or blockchain transactions;
(B)
Testing and simulation activities including the use of testnets;
(C)
Cryptographic signing of blockchain transactions;
(D)
Smart contract deployment;
(E)
CID creation and cryptographic signing;
(F)
On
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chain governance;
(G)
Tokenized voting systems;
(H)
Decentralized governance mechanisms;
(J)
Access to financial services when exercising any of the protected expressions under this paragraph.
(iii)
Unreasonable searches or seizures of:
(A)
Private keys;
(B)
Digital assets;
(C)
Cryptographically signed data;
(D)
Blockchain transactions;
(E)
Cryptographically signed or ascribed data, including blockchain transactions, smart contracts, CID's or other similar analog representations of information, data or records.
(iv)
Unlawful federal actions compelling disclosure or production of:
(A)
Private keys;
(B)
Seed phrases;
(C)
Cryptographic secrets;
(D)
Transaction histories;
(E)
Wallet contents;
(F)
Self
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incriminating digital asset information;
(G)
Digital asset forfeitures;
(H)
Cryptocurrency seizures;
(J)
Blockchain
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based activity regulation.
(v)
Unlawful federal overreach burdening:
(A)
Intrastate cryptocurrency transactions;
(B)
Digital identity implementations;
(C)
Cryptographic signing activities;
(D)
Smart contract deployments;
(E)
Token governance systems;
(F)
Cryptographically signed or ascribed data, including blockchain transactions, smart contracts, CID's or other similar analog representations of information, data or records;
(G)
Interference with state level regulations of digital assets.
(b)
The attorney general may seek to initiate a lawsuit, or intervene or file an amicus curiae brief in any lawsuit filed in any state or federal court in Wyoming, or filed against any Wyoming resident or business in any other jurisdiction as a result of unlawful federal infringement on the rights described in subsection (a) of this act if, in his judgment, the federal action endangers the rights of Wyoming residents or businesses. Before initiating or intervening in any lawsuit pursuant to this section, the attorney general shall obtain the approval of the governor.
Section 2
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This act is effective July 1, 2025
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(END)
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HB0308