Wyoming 2025 Regular Session

Wyoming House Bill HB0264 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	ORIGINAL HOUSE ENGROSSED
2		-	BILL NO. HB0264
3		-	ENROLLED ACT NO. 25, HOUSE OF REPRESENTATIVES
4		-	SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
5		-	2025 GENERAL SESSION
6		-	1
7		-	AN ACT relating to administration of the government;
8		-	prohibiting state agencies from requiring a central bank
9		-	digital currency as payment; prohibiting state agencies
10		-	from spending public funds as specified; and providing for
11		-	an effective date.
12		-	Be It Enacted by the Legislature of the State of Wyoming:
13		-	Section 1. W.S. 9-14-601 is created to read:
14		-	ARTICLE 6
15		-	CENTRAL BANK DIGITAL CURRENCY PROHIBITION
16		-	9-14-601. Central bank digital currency; prohibition;
17		-	definitions.
18		-	(a) No state agency shall require payment in the form
19		-	of a central bank digital currency for any government
20		-	service, or for the payment of any taxes or fees.
21		-	(b) No state agency shall use public funds to assist
22		-	in any manner in the testing, adoption or implementation of
23		-	a central bank digital currency.
24		-	(c) As used in this article:
25		-	(i) "Central bank digital currency" means a
26		-	digital medium of exchange, token or monetary unit of
27		-	account issued directly by the United States federal
28		-	reserve system or any analogous federal agency;
29		-	(ii) "State agency" means the state of Wyoming
30		-	or any of its branches, agencies, departments, boards,
31		-	instrumentalities or institutions. ORIGINAL HOUSE ENGROSSED
32		-	BILL NO. HB0264
33		-	ENROLLED ACT NO. 25, HOUSE OF REPRESENTATIVES
34		-	SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
35		-	2025 GENERAL SESSION
36		-	2Section 2. This act is effective immediately upon
37		-	completion of all acts necessary for a bill to become law
38		-	as provided by Article 4, Section 8 of the Wyoming
39		-	Constitution.
40		-	(END)
41		-	Speaker of the HousePresident of the SenateGovernorTIME APPROVED: _________DATE APPROVED: _________
42		-	I hereby certify that this act originated in the House.
43		-	Chief Clerk
	1	+	2025
	2	+	STATE OF WYOMING
	3	+	25LSO-05891HB0264
	4	+	HOUSE BILL NO. HB0264
	5	+	Central bank digital currencies-prohibitions.
	6	+	Sponsored by: Representative(s) Singh, Bear, Hoeft, Locke
	7	+	and Ottman and Senator(s) Ide
	8	+	A BILL
	9	+	for
	10	+	1 AN ACT relating to administration of the government;
	11	+	2 prohibiting state agencies from accepting or requiring a
	12	+	3 central bank digital currency as payment; prohibiting state
	13	+	4 agencies from spending public funds as specified; making
	14	+	5 legislative findings; urging Congress to prohibit
	15	+	6 establishment of a central bank digital currency; requiring
	16	+	7 the secretary of state to transmit copies as specified; and
	17	+	8 providing for an effective date.
	18	+	9
	19	+	10
	20	+	11
	21	+	12. W.S. 9-14-601 is created to read:
	22	+	13
	23	+	14 ARTICLE 6
	24	+	15 CENTRAL BANK DIGITAL CURRENCY PROHIBITION 2025STATE OF WYOMING25LSO-05892HB02641
	25	+	2
	26	+	3
	27	+	4
	28	+	5 (a) No state agency shall accept or require payment
	29	+	6 in the form of a central bank digital currency for any
	30	+	7 government service, or for the payment of any taxes or
	31	+	8 fees.
	32	+	9
	33	+	10 (b) No state agency shall use public funds to assist
	34	+	11 in any manner in the testing, adoption or implementation of
	35	+	12 a central bank digital currency.
	36	+	13
	37	+	14 (c) As used in this article:
	38	+	15
	39	+	16 (i) "Central bank digital currency" means a
	40	+	17 digital medium of exchange, token or monetary unit of
	41	+	18 account issued directly by the United States federal
	42	+	19 reserve system or any analogous federal agency;
	43	+	20
	44	+	21 (ii) "State agency" means the state of Wyoming
	45	+	22 or any of its branches, agencies, departments, boards,
	46	+	23 instrumentalities or institutions. 2025STATE OF WYOMING25LSO-05893HB02641
	47	+	2
	48	+	3
	49	+	4 (a) As used in this section "central bank digital
	50	+	5 currency" means a digital medium of exchange, token or
	51	+	6 monetary unit of account issued directly by the United
	52	+	7 States federal reserve system or any analogous federal
	53	+	8 agency.
	54	+	9
	55	+	10 (b) The legislature finds a central bank digital
	56	+	11 currency would not provide any unique benefits to Wyoming
	57	+	12 citizens or businesses compared to existing technologies
	58	+	13 and poses serious risks including:
	59	+	14
	60	+	15 (i) Establishing a direct line between a
	61	+	16 person's financial activity and government;
	62	+	17
	63	+	18 (ii) Easily prohibiting the purchase of certain
	64	+	19 goods or limiting purchases by a person;
	65	+	20
	66	+	21 (iii) Reducing credit availability;
	67	+	22 2025STATE OF WYOMING25LSO-05894HB02641 (iv) The centralization of financial data
	68	+	2 leading to increased surveillance and a loss of financial
	69	+	3 privacy;
	70	+	4
	71	+	5 (v) The collection of data inherent to a central
	72	+	6 bank digital currency providing the means for government
	73	+	7 control of a person's financial activity.
	74	+	8
	75	+	9 (c) The legislature urges Congress to prohibit the
	76	+	10 establishment of a central bank digital currency through
	77	+	11 Congress's federal legislative authority.
	78	+	12
	79	+	13 (d) The Secretary of State shall transmit copies of
	80	+	14 this section to the President of the United States, to the
	81	+	15 President of the Senate and the Speaker of the House of
	82	+	16 Representatives of the United States Congress and to each
	83	+	17 member of the Wyoming Congressional Delegation.
	84	+	18 2025STATE OF WYOMING25LSO-05895HB02641. This act is effective immediately upon
	85	+	2 completion of all acts necessary for a bill to become law
	86	+	3 as provided by Article 4, Section 8 of the Wyoming
	87	+	4 Constitution.
	88	+	5
	89	+	6 (END)