Crypto Law Profile
Wyoming classifies digital consumer assets, digital securities and virtual currency under state property and UCC rules, with an opt-in bank custody framework.
Wyoming Digital Assets Existing Law is an effective Wyoming state statute, originally enacted through 2019 SF0125 / SEA No. 0039 and codified principally in Wyo. Stat. Ann. Chapter 34-29, Article 1. The law became effective July 1, 2019, after the governor signed SEA No. 0039 on February 26, 2019, and Chapter No. 91 was assigned in the 2019 Session Laws of Wyoming. It classifies certain digital assets under Wyoming property and Uniform Commercial Code concepts and creates an opt-in custody framework for Wyoming banks.
As of June 9, 2026, this profile treats the law as Effective for Crypto Laws taxonomy purposes. Current Wyoming statutory text places the law in Chapter 29, “Digital Assets,” and defines a “digital asset” as a representation of economic, proprietary, or access rights stored in computer-readable form that is either a digital consumer asset, digital security, or virtual currency. The codified statute also states that those three subcategories are mutually exclusive.
The statute should be read as a state property, secured-transactions, and custody law rather than a full licensing regime for all crypto activity. It does not replace federal securities, commodities, banking, anti-money laundering, or tax law. The custody provisions expressly reference federal standards and require compliance with applicable federal anti-money laundering, customer identification, and beneficial ownership requirements.
The law recognizes three categories: digital consumer assets, digital securities, and virtual currency. The codified text describes digital consumer assets as assets used or bought primarily for consumptive, personal, or household purposes, including qualifying open blockchain tokens. Digital securities are tied to Wyoming’s securities definition, while virtual currency is described as a medium of exchange, unit of account, or store of value that is not U.S. legal tender.
Wyoming classifies digital consumer assets, digital securities, and virtual currency as intangible personal property and maps them to specific Uniform Commercial Code concepts for limited purposes. Digital consumer assets are treated as general intangibles for Article 9 purposes; digital securities are treated as securities and investment property for Articles 8 and 9; and virtual currency is treated as money for Article 9 purposes, notwithstanding Wyoming’s general UCC definition.
The current codified law addresses perfection and priority of security interests in virtual currency and digital securities. It provides that perfection in virtual currency may be achieved through possession, while perfection in digital securities may be achieved by control. It also permits certain financing-statement filings when the debtor is located in Wyoming and defines control with reference to private keys, multi-signature arrangements, and smart contracts.
Wyo. Stat. Ann. § 34-29-104 allows a bank to provide digital asset custodial services after giving 60 days’ written notice to the banking commissioner. A bank that elects into the framework must comply with the statute, maintain applicable accounting, account statement, internal control, notice, information technology, and federal compliance standards, and maintain possession or control over digital assets held in custody.
The current statute also states that a bank may provide custody services for stablecoin reserves if those services are consistent with the section and the commissioner’s rules, and that a Wyoming-chartered supervised trust company may provide the services described in the section if it complies with the statute and applicable rules.
The statute gives Wyoming courts jurisdiction to hear qualifying law and equity claims relating to digital assets, subject to other jurisdictional limits placed on specific courts by Wyoming law. This supports Wyoming’s broader legal infrastructure for digital asset property disputes but does not determine the application of federal law or the law of other jurisdictions.
Defines digital assets and the mutually exclusive categories of digital consumer asset, digital security and virtual currency.
Classifies the three asset categories as intangible personal property and maps each to selected UCC concepts for limited purposes.
Addresses perfection and priority through possession, control and filing for specified digital asset collateral situations.
Allows banks to provide digital asset custody after 60 days’ notice and requires applicable controls, audits, notices and federal compliance.
Gives Wyoming courts jurisdiction over qualifying law and equity claims relating to digital assets, subject to other jurisdictional limits.
Senate introduced SF0125 and referred it to Senate Judiciary.
Senate third reading passed 28-1-1-0-0.
House third reading passed 54-2-4-0-0.
Governor signed SEA No. 0039 and Chapter No. 91 was assigned.
Section 5 of the enrolled act made the law effective July 1, 2019.
Wyoming Division of Banking, Wyoming Legislature, Wyoming Secretary of State
Digital assets, Digital securities, Stablecoins, Virtual currency
This profile covers the state statute created by 2019 SF0125 / Enrolled Act No. 39 and the current codified Article 1 provisions in Wyo. Stat. Ann. Chapter 34-29 as verified on 2026-06-09. It does not cover every Wyoming blockchain, SPDI, utility-token, or stable-token law as a separate profile.
