The bill amends the Wyoming stable token trust account regulations by allowing the Wyoming stable token commission to accept gifts, donations, and bequests for deposit into the account. It also updates the commission's investment options to include compliance with federal regulations, specifically 17 C.F.R. part 270.2a-7, and modifies the reserve requirement to maintain not less than 100% of the notional value of all outstanding issued Wyoming stable tokens in the trust account. Additionally, the bill specifies that investment earnings exceeding 100% of the notional value will be transferred to the Wyoming stable token administration account.

Furthermore, the bill outlines the distribution priorities for funds in the Wyoming stable token administration account, including a new provision to ensure that investment earnings in the trust account total 102% of the notional value of all outstanding tokens. The effective date for this act is set for July 1, 2026.

Statutes affected:
Introduced: 40-31-106