Cryptocurrency 2021 Legislation

adminAugust 31, 2022

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YOU ARE READING: Cryptocurrency 2021 Legislation AT en.noithatvietphat.vn

digital or virtual currencies are a medium of exchange but they are not regular money.

unlike dollar bills and coins, cryptocurrencies are not issued or endorsed by the us. uu. government or any other government or central bank. the lack of a physical token to count and hold may confuse some. rather, bitcoin and other cryptocurrencies are a form of digital currency used in electronic payment transactions: there are no coins, paper money, or banks involved; there are zero to minimal transaction fees; transactions are fast and not limited by geography; and, similar to using cash, transactions are anonymous.

Reading: City council agrees least study bitcoin

Digital currencies are stored in digital wallets, which are software or applications that users install on their computer or mobile device.

Each digital wallet contains encrypted information, called public and private keys, which is used to send and receive the digital currency. All digital currency transactions are recorded on a virtual public ledger called a “blockchain,” which is maintained by digital currency “miners.” These miners can be anyone, anywhere in the world, who is willing to invest in the specialized computing hardware needed to quickly process complex calculations. miners receive digital currency, such as bitcoin, ripple, dogecoin, and litecoin, in exchange for verifying each transaction and adding it to the blockchain.

Thirty-three states and Puerto Rico have legislation pending in the 2021 legislative session. Seventeen states have enacted legislation or adopted resolutions. For example, Arizona created a blockchain and cryptocurrency study committee. Arkansas clarified the control of virtual currency under the Uniform Commercial Code and amended the Uniform Money Services Act to include virtual currency. hawaii adopted a resolution asking the department of commerce and consumer affairs to reconsider its 2016 decision on asset reserve requirements for virtual currency and cryptocurrency companies to conduct business in hawaii and align the state’s asset reserve requirements to these companies with asset reserve requirements in other states.

indiana repealed the unclaimed property law and replaced it with the revised unclaimed property law which includes virtual currency. Kentucky created the new section of KRS 139 that defines various terms related to commercial cryptocurrency mining using blockchain technology. louisiana adopted a resolution that praises bitcoin for its success in becoming the first trillion dollar decentralized asset and encourages state and local governments to consider ways that can help them benefit from the increased use of this new technology.

north dakota requires, during the interim 2021-22, the legislative effort should consider studying the feasibility and desirability of regulating special purpose depository institutions and regulating other entities involved in commercial virtual currency activities. Legislative Management will report its findings and recommendations, along with any legislation necessary to implement the recommendations, to the 68th Legislative Assembly. Wyoming created a cryptocurrency staking program and advisory council; provides matching funds related to carbon capture, utilization and storage projects and provides for the formation and management of decentralized autonomous organizations.

The box allows you to perform a full text search or type in the name of the state.

status

invoice number

invoice summary

alabama

hb 372 postponed indefinitely on 6/5/21

This bill exempts virtual currency, defined here, from ad valorem taxes.

alaska

none

arizona

hb 2544 signed by the governor 5/7/21, chapter 339

establishes a committee to study blockchain and cryptocurrencies.

clarifies the rights of buyers who gain control of virtual currency for purposes of the uniform commercial code.

hb 1926 signed by the governor 04/30/21, record 1078

clarifies the control of virtual currency under the uniform commercial code.

arkansas

sb 150 signed by governor 4/1/21, act 532

amends the uniform money services law, includes virtual currency.

california

none

red

none

connecticut

none

delaware

sb 103 signed by the governor 06/30/21, chapter 58

This bill adopts an express reporting requirement for virtual currency, with an exemption for gaming-related digital content with minimal or no value; defines virtual currency and digital content related to gaming; requires liquidation and conversion to us. virtual currency dollars before reporting and remitting this property to the state; and limits the exposure of both the state and the report holder to claims by the putative owners of this type of property for subsequent gains in value, given the volatility inherent in the value of this type of property.

district of Colombia

none

florida

hb 1351 passed home 4/23/21 sb 1758 died in committee 4/30/21

relates to money service businesses; amends §559.952, f.s.; reviews exceptions for a licensee during the financial technology trial period; amends §560.103, f.s.; reviews and provides definitions; amends §560.204, f.s.; prohibits certain activities by a person without obtaining a license; review the definition of the term “compensation”; amends §560.210, f.s.; and provides requirements for a money transmitter that receives virtual currency; excluding virtual currency in the calculation of permitted investments.

georgian

none

guam

none

Hawaii

hcr 118 approved the house on 3/31/21 hr 94 adopted on 3/31/21

idaho

hb 181

relates to digital assets; amends title 28, idaho code, by adding a new chapter 53, title 28, idaho code, provides an abbreviated title, defines terms, provides for the classification of digital assets as property, and provides application to the uniform commercial code, to provide custody services for digital assets, establishes the jurisdiction of the idaho courts and establishes the idaho utility token law.

relates to digital assets; adds a new chapter 53, title 28, idaho code, to provide an abbreviated title, to define terms, to provide for the classification of digital assets as property, and to provide for application of the uniform commercial code, to provide for the perfection of the security interests and certain secured parties, to provide custody services for digital assets, and to provide the jurisdiction of the idaho courts. includes virtual currency as a digital asset.

illinois

hb 854

amends state treasurer law. repeals the provisions relating to the transfer of power; personnel transfer; property transfer; and rules and regulations. amends the revised uniform unclaimed property law. changes the definition of “virtual currency”. states that a money order is presumed abandoned if it is not claimed by the apparent owner three (instead of seven) years after it is issued. states that virtual currency is presumed abandoned if it is not claimed by the apparent owner five years after the last indication of interest in the property. establishes that a commercial association that does not have reportable assets must inform the administrator under specific circumstances. provides that the administrator need not notify the revenue department of the names or social security numbers of the apparent owners of the abandoned property if the administrator reasonably believes that the revenue department will not be able to provide information that provides sufficient evidence to establish that the person in records of the department of revenue is the apparent owner of the unclaimed property in the trustee’s custody. includes a provision regarding the identification of apparent owners of abandoned properties using other state databases. establishes that if the property reported to the administrator is virtual currency, the holder must liquidate the virtual currency and remit the income to the administrator. amends provisions relating to: when tax-deferred and tax-exempt retirement accounts are presumed abandoned; U.S. savings bonds; credit income or earnings to the owner’s account; and action of a person whose claim is denied.

modifies the corporate trust act to create the article of authority and organization of the special purpose trust company. provides that a corporation that has been or will be incorporated under the general corporation laws of the state for the special purpose of providing trusteeship services or providing other similar or related services as specified by the rule may be appointed to act as trustee with respect to to such services and shall be designated as a special purpose trust company. establishes that it will not be legal for any person to engage in the activity of a special purpose trust company without first submitting an application and obtaining a certificate of authority from the secretary of financial and professional regulation. provides that the department shall adopt rules for the administration of the article, and that the specified articles of the corporate trust act shall apply to a special purpose trust company as if the special purpose trust company were a trust company. amends illinois banking law. in the provisions relating to conversion and merger with trust companies, it establishes that a special purpose trust company may merge with a state bank or become a state bank as if the special purpose trust company were a trust company. defines “special purpose trust company.” amends the blockchain business development law to establish that the department of financial and professional regulation shall have the authority to adopt rules, opinions, or interpretation letters regarding the custody of digital assets, including consumer digital assets, digital securities, and virtual currency.

sb 338 signed by the governor 6/8/21, public act 102-288

amends state treasurer law; repeals the provisions relating to the transfer of power; personnel transfers; property transfers; rules and norms; amends the revised uniform unclaimed property law; changes the definition of virtual currency; states that a money order is presumed abandoned if it is not claimed by the apparent owner three years after it is issued.

indiana

sb 188 signed by governor 4/29/21, session law 141

repeals the unclaimed property law and replaces it with the revised unclaimed property law. includes virtual currency.

iowa

none

kansas

none

kentucky

hb 230 signed by the governor 03/25/21, record 122

repeals the unclaimed property law and replaces it with the revised unclaimed property law. includes virtual currency.

Passed in the Senate on 3/4/21

modifies krs 286.11-003 to add definitions for “medium of exchange” and “virtual currency”; eliminates the definition of “monetary value”; amends the definition of “money transmission”; makes technical corrections; amend krs 286.11-007 to conform; amending krs 286.11-017 and 286.11-021 to modify money transmitter license periods and renewal terms.

establishes krs chapter 355a and creates new sections thereof to define and establish ownership classifications for digital assets; Supplements and amends the provisions of the Uniform Commercial Code, KRS Chapter 355, relating to the classification, refinement, and priority of digital assets; allows debtors located in kentucky to file a financial statement with the secretary of state to perfect a security interest in a digital asset; establishes when an assignee acquires a digital asset free of any security interest perfected through filing; For the purposes of Section 9 of KRS Chapter 355, states when digital assets are located in Kentucky; classifies open blockchain tokens with certain characteristics as intangible personal property; requires developers and sellers of certain open blockchain tokens to file a notice of intent with the secretary of state and pay a filing fee prior to sale in this state; requires the secretary of state to promulgate forms and make them accessible to taxpayers; requires facilitators of certain open blockchain tokens on the resale market to meet certain requirements; establishes sanctions for violation of the article; provides that the secretary of state may make referrals to law enforcement agencies; states that the section may be cited as the “kentucky utility token law”; creates a new section of subtitle 2 of krs chapter 286 to allow certain kentucky financial institutions to elect to provide custody services for customer currency and digital assets in accordance with the provisions of the section; establishes the internal control and client contracting requirements for the provision of custody services provided for in the section; establishes that the digital assets held in custody under the section are not deposit liabilities or assets of the financial institution; requires the commissioner of financial institutions to set a supervisory fee; creates a new section of article 1 of krs chapter 355 to conform; amends krs 369,103 to include transactions involving digital assets; states that the secretary of state and the commissioner of financial institutions will promulgate administrative regulations to implement the law on or before Oct. January 1, 2021.

creates a new subtitle 12 of krs chapter 286 to establish special purpose depository institutions that engage in nonlending banking business; states findings and purposes for the subtitle; provides for the organization, powers and statutes of the institution; requires directors to take an oath; establishes capital requirements, bonds, contingencies and insurance; establishes requirements to offer deposit accounts and other services; states that certain provisions of subtitle 3 of krs chapter 286 shall apply to institutions; establishes branch creation requirements for in-state and out-of-state institutions; provides for administrative appeals; requires the commissioner of financial institutions to adopt administrative regulations to implement the subtitle; establishes sanctions and administrative procedures for infractions to the subtitle; establishes when the commissioner must close an institution for liquidation; establishes procedures for voluntary dissolution; modifies krs 286.1-011 and 286.2-685 to conform; amending krs 286.2-040 to allow the commissioner to examine special purpose depository institution service providers; requires the commissioner to issue administrative regulations to implement the law on or before Oct. January 1, 2021.

signed by the governor on 03/25/21, act 141

modifies krs 154.27-010 to define additional terms; amends krs 154.27-020 to change the name of the program to “incentives for energy-related businesses” and includes cryptocurrency facilities with a minimum capital investment of $1 million; modifies krs 154.27-030, krs 154.27-095, 154.12-2035 and 353.804. settle.

Louisiana

hour 33

adopted 04/21/21

commends bitcoin for its success in becoming the first trillion dollar decentralized asset and encourages state and local governments to consider ways that can help them benefit from the increased use of this new technology.

main

ld 1466, special session signed by the governor 6/16/21, chapter 245

ld 1615, special session

This bill proposes to implement strategies related to blockchain, cryptocurrencies, and other financial technologies to promote regulatory efficiency, enable corporate governance and organizational structures that can expand opportunities in financial technology, and promote education and adoption of financial technology. in the public and private sector. sectors this bill also proposes: 1. define “blockchain” and “blockchain technology”; 2. allow the creation and regulation of personal data protection companies; 3. allow the creation of limited liability companies based on blockchain; and 4. create a study for the potential use of blockchain technology in government record keeping.

maryland

none

massachusetts

hb 126

establishes a special commission (including members of the general court) on blockchain and cryptocurrencies.

michigan

hr 119 adopted 10/13/21

declares October 2021 as cryptocurrency education month in the state of michigan.

minnesota

amends law and allocates funds for courts, board of guardians ad litem, commission on uniform laws, board of judicial standards, board of public defense and human rights; amends criminal, civil, data practices, and forfeiture laws. includes cryptocurrency in the definition of money.

amends certain provisions of the law relating to public safety, law enforcement, adult and juvenile corrections, community supervision, rehabilitation, criminal sexual conduct, crime, sentencing, community safety, victims of crime, child protection background checks, emergency response, fire safety, civil law, data practices, human rights and forfeiture law; establishes task forces and working groups; provides for the development of standards; provides criminal sanctions; requires reports. includes cryptocurrency in the definition of money.

hf 63, first extraordinary session signed by governor 6/30/21, chapter 11

relates to public safety; amends certain provisions related to public safety, courts, corrections, sex offenders, crime victims, background checks, forfeiture, law enforcement, human rights, and data practices; establishes task forces and working groups; requires reports; provides criminal sanctions; allocates money for the courts, public safety, sentencing guidelines, corrections, human rights, peace officer standards and training (post) board, private detectives board, guardians ad litem board, the state auditor, legislative coordinating commission, department of natural resources, uniform law commission, court standards board, and public defense board; and includes cryptocurrencies in the definition of money.

mississippi

none

missouri

hb 1277

modifies the crime of money laundering, includes virtual currency.

mountain

none

nebraska

lb 648

adopts the law of transactions in digital assets.

nebraska

lb 649 signed by the governor on 5/25/21

adopts the nebraska financial innovation act. authorizes depository entities for digital assets and establishes the constitution, operation, supervision and regulation of said entities; transfer funds; relates to the rapid innovation of blockchain and digital ledger technology; adopts uniform commercial code provisions on controllable electronic records; harmonizes provisions; repeals the original sections.

snowfall

sb 39

authorizes the state treasurer, upon making certain determinations and obtaining the approval of the state board of finance, to enter into a contract to provide for the acceptance of transfers of digital tokens by certain governmental entities that have been approved by the state treasurer to participate in the contract. the bill defines the term “digital token” to refer to a digital representation of us. dollars that: (1) converts to and from the us dollars for a digital token payment system; and (2) may only be transferred, stored, or traded electronically.

snowfall

sb 71 signed by the governor on 05/18/21, chapter 20

relates to unclaimed property; reviews the provisions of the uniform unclaimed property law. includes virtual currency.

new hampshire

none

new jersey

ab 1392

regulates and establishes certain consumer protections in relation to digital currencies.

new jersey

ab 2155

this bill, the “digital currency jobs creation act”, establishes a regulatory framework for digital currency companies to operate in new jersey and creates certain incentives for digital currency companies to locate in the status.

new jersey

ab 2891 approved the assembly on 03/25/21 sb 3132

creates the law on digital assets and blockchain technology.

this bill, the “virtual currency and block chain regulation act”, establishes a regulatory framework for virtual currency companies to operate in new jersey, creates provisions governing the use of blockchain blocks with certain commercial entities and creates certain incentives for virtual currency companies to locate in the state.

new mexico

none

establishes the Office of Financial Resilience to develop and implement new programs and initiatives to support local economies and promote resilient financial models.

new york

ab 3336

relates to financial technology products and services; establishes a regulatory sandbox program.

establishes a task force to study the possible designation of economic empowerment zones for cryptocurrency mining in New York State.

establishes a task force to study the impact of a state-issued cryptocurrency on New York State.

establishes that state agencies can accept cryptocurrencies such as bitcoin, ethereum, litecoin and bitcoin cash as a form of payment.

Passed in the Senate on 6/8/21

establishes a moratorium on the operation of cryptocurrency mining centers; establishes that the operation of a cryptocurrency mining center will only be authorized after completing a full generic review of the environmental impact statement and determining that said center will not negatively affect the state’s greenhouse gas emission goals in the leadership act climate and community protection of 2019; provides for the repeal of said provisions upon their expiration.

includes unclaimed virtual currency such as abandoned property; authorizes standards that recognize electronic communication as written contact; and requires reporting unclaimed property belonging to deceased persons.

sb 7143 enactment clause deleted 6/8/21

requires the superintendent of the department of financial services to assess persons regulated under the financial services act who engage in virtual currency business activities for the department’s operating expenses that are solely attributable to the regulation of such persons.

directs the new york state energy research and development authority to conduct a study on how to power cryptocurrency mining facilities with renewable energy.

creates the Digital Currency Task Force to provide the Governor and Legislature with information on the potential effects of the widespread implementation of digital currencies in the state’s financial markets.

Relates to the reporting of cryptocurrency holdings in the annual financial disclosure statement filed with the Legislative Ethics Commission or the Joint Public Ethics Commission.

north carolina

hb 631 sb 688 passed in the senate on 8/19/21

authorizes and regulates sports betting, includes cryptocurrency and digital in the definition of cash equivalent.

north dakota

hb 1267 couldn’t pass home 2/2/21

creates and enacts §6-09-15.10 of the North Dakota Century Code, relating to cryptocurrency exchanges and custody services; and provide a legislative management report.

hcr 3024 passed home 02/24/21

orders the legislative administration to consider studying the feasibility and convenience of regulating special purpose depository institutions and regulating other entities engaged in commercial virtual currency activities.

sb 2021 signed by the governor 5/7/21, chapter 49

requires that, during the interim period 2021-22, the legislative management consider studying the feasibility and convenience of regulating special purpose depository institutions and regulating other entities engaged in commercial virtual currency activities. the legislative administration shall report its findings and recommendations, along with any legislation necessary to implement the recommendations, to the 68th legislature.

north dakota

sb 2048 signed by the governor 04/19/21< chapter 337

relates to the Uniform Unclaimed Property Revised Act; relates to abandoned and unclaimed property; relates to uniform unclaimed property law; provides for a report; provides for a sanction; provides a continuous assignment. includes virtual currency.

n. Mariana Islands

not available

ohio

hb 348 passed home 9/12/21

amends §§122.58, 169.01, 169.02, 169.03, 169.05, 169.06, 169.07, 169.08, 169.09, 169.12, 169.16, 169.99, and 5703.21; enacts §§169.091, 169.18, and 169.19; and repeals §169.10 of the revised code to make changes to the unclaimed funds law. includes virtual currency.

oklahoma

none

oregon

hb 2696

establishes the oregon cash deposit corporation as a separate public corporation and prescribes the purposes and powers of the corporation. directs the corporation to lease or acquire real property and construct or renovate offices, facilities, and business premises throughout the state in which the corporation receives, handles, stores, and delivers cash and other valuable property. Establishes the Oregon Cash Deposit Corporation fund in the state treasury and requires the corporation to deposit all money it receives into the fund. allows the corporation to invest money in the fund and a fraction of the corporation’s deposits in accordance with the provisions of the law. subjects the corporation to an annual audit by the secretary of state and requires the corporation to respond to the recommendations in the audit report. requires a review of the corporation’s operations every four years and a report to the legislature. requires the attorney general to defend the corporation and the corporation’s directors, officers, and employees against a claim or charge brought for actions in the performance of the corporation’s duties.

establishes a working group on digital currency and the impact on the widespread use of cryptocurrencies and other forms of digital currencies in this commonwealth.

pennsylvania

sb 399

relates to public officials, in ethics and financial disclosure standards; provides definitions, restricted activities and sanctions. includes virtual currency in definition.

relates to public officials, in ethics and financial disclosure standards; provides definitions, restricted activities, declarations of economic interests and sanctions; relates to lobbying disclosure; provides for definitions, reports and sanctions; relates to toll commission standards of conduct; Provides a code of conduct. includes virtual currency.

Puerto Rican

time 527

directs the housekeeping committee to investigate support for the concept of a blockchain for the government’s storage system, as well as the approval of the use of digital currencies, or cryptocurrencies, as an acceptable payment method in port rich.

rhode island

hb 5425

This bill establishes an economic growth blockchain law, establishes regulations for the sale of hemp, regulates virtual and digital assets, and establishes depository banks for these purposes.

Enacts the “South Carolina Blockchain Industry Empowerment Act of 2021” to establish this state as an incubator for technology industries seeking to develop innovation through the use of blockchain technology; adds §33-6-245 to further provide for the construction of terms related to share tokens and certificates; amends §33-6-250, relating to the form and content of corporate stock certificates, to authorize corporations to issue certificate tokens in lieu of stock certificates; adds chapter 47 to title 34 to provide that a person who develops, sells, or facilitates the exchange of an open blockchain token is not subject to specific money and value transmission laws, and provides specific verification authority to the attorney general and to the banking notary; adds chapter 51 to title 34 to specify that digital assets are property within the uniform commercial code, to authorize security interests in digital assets, to establish an optional framework for banks to provide custody services for ownership of digital assets as custodians, to specify standards and procedures for custody services, clarify the jurisdiction of south carolina courts in relation to digital assets, authorize an oversight fee, and establish other provisions related to digital assets; amends §35-11-105, relating to definitions under the South Carolina Anti-Money Laundering Act, to define the term “virtual currency”; and amends §35-11-110, relating to matters and transactions to which the anti-money laundering law does not apply, to provide that the law does not apply to the purchase, sale, issuance or custody of payment instruments or stored value in the form of virtual currency or receive virtual currency for transmission to a location within or outside the United States by any means.

south carolina

hb 3529

adds §8-13-1325 to state that candidates and committees may accept digital currency as contributions, that an increase in the value of digital currency held by a candidate or committee must be reported as interest, and that a the candidate or committee will sell any digital currency and deposit the proceeds of the sale into a campaign account before spending the funds; and amends §8-13-1300, Definitions Applicable to South Carolina Campaign Practices, to provide that the definition of “contribution” includes digital currency.

Enacts the Uniform Unclaimed Property Revised Act of 2021; establishes the manner, procedures, and requirements under which abandoned and unclaimed property, as defined by law, may be seized by the state for sale or other disposition; establishes penal sanctions for certain infractions; repeals chapter 18 of title 27; relates to the Uniform Unclaimed Property Act of 1988, including subsequent amendments.

south dakota

hb 1091

provides provisions for virtual currency in this state.

tennessee

none

texas

hb 2070 sb 736

relates to the regulation of sports betting; requires an occupational permit; authorize a fee; imposes a tax; creates criminal offenses; decriminalizes betting on sporting events. includes virtual currency.

signed by the governor on 6/15/21, chapter 739

the bill modifies the business & commercial code to establish that a purchaser of a virtual currency, as defined in the bill, acquires all rights to the virtual currency that the transferor had or had the power to transfer and that a purchaser of a limited interest in a virtual currency acquires rights only to the extent of the vested interest. The bill also establishes the conditions under which a person has control of the virtual currency and provides for the exclusivity of certain powers specified in those conditions. the bill, among other provisions, including provisions relating to a virtual currency perfected security interest, provides that a qualified purchaser acquires the purchaser’s rights in a virtual currency free of any adverse claims in addition to acquiring the rights of a purchaser and establishes additional provisions related to provisions relating to an adverse claim.

proposes a constitutional amendment relating to the right to own, possess and use any mutually agreed upon medium of exchange.

utah

none

vermont

none

virginia

none

us virgin islands

none

washington

hb 1406 sb 5426

establishes a 1% wealth tax on intangible financial assets of more than $1 trillion. includes virtual currency.

west virginia

hb 2017 home for attendance 4/8/21

rewrites the penal code. includes virtual currency.

wisconsin

ab 325 signed by governor 5/11/21, act 87

This bill adopts the Revised Uniform Unclaimed Property Act (the Act), approved by the Uniform Law Commission, also known as the National Conference of Commissioners on Uniform State Laws. The law requires the owner of unclaimed property to surrender that property to the state after a certain amount of time has passed, a period called the dormant period. the state then attempts to return the property to its rightful owner. Generally, if the state cannot return the property to its owner, the state can retain the property. Under current law, the holder of unclaimed property presents the property to the secretary of the treasury, who is the administrator of the law. The bill designates the Department of Revenue as the administrator and makes several changes to the law to make it easier to administer. for example, the bill updates the law to address the disposition of unclaimed gift cards, life insurance benefits, securities, and virtual currencies. The bill also organizes the chapter of the law into subchapters to facilitate the administration of the law.

signed by governor with line item vetoes 4/1/21, chapter 69

relates to supplemental appropriations and reduction of existing appropriations for the operation of state government for the fiscal biennium beginning July 1, 2020 and ending June 30, 2022; creates a cryptocurrency staking program and advisory council; provides matching funds related to carbon capture, utilization and storage projects; and repeals previous allocations and budget conditions.

wyoming

hb 43 signed by governor 3/4/21, chapter 91

relates to digital assets; modifies the definition of a digital asset; amends provisions related to the nature of digital assets in commercial law; amends collateral provisions related to digital assets; specifies the application of commercial law to specific types of digital assets; clarifies the provisions related to the custody of digital assets by banks; establishes that certain digital asset provisions are consumer protection statutes for commercial law purposes.

hb 133 signed by the governor 4/5/21, chapter 100

relates to online sports betting; authorizes sports betting online; provides for regulation by the wyoming gaming commission; imposes fees; requires the elaboration of rules; Create an account; provides for the collection and distribution of online sports betting revenues to the state; creates sanctions; specifies that fantasy sports contests are not gambling; includes virtual currency.

wyoming

sf 38 signed by the governor on 04/21/21, chapter 162

relates to corporations; provides for the formation and management of decentralized autonomous organizations and provides definition.

sf 105 died in committee on 03/19/21

relates to digital assets; specifies the disclosure obligations applicable to private cryptographic keys.

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heather morton is a program director in tax affairs. she covers financial services, alcohol production and sale, broadband and telecommunications, and medical malpractice issues for ncsl.