HB 74 - Establishes Special Purpose Depository Institutions to Serve Blockchain Businesses - Wyoming Key Vote
Timeline
- Executive Signed
- Feb. 26, 2019
- House Concurrence Vote Passed
- Feb. 19, 2019
- Senate Bill Passed
- Feb. 15, 2019
- House Bill Passed
- Jan. 29, 2019
- Introduced
- Jan. 8, 2019
Related Issues
Stage Details
Title: Establishes Special Purpose Depository Institutions to Serve Blockchain Businesses
Signed by Governor Mark Gordon
Title: Establishes Special Purpose Depository Institutions to Serve Blockchain Businesses
Title: Establishes Special Purpose Depository Institutions to Serve Blockchain Businesses
Vote Smart's Synopsis:
Vote to pass with amendment a bill that establishes special purpose depository institutions (SPDIs) for holding cryptocurrency assets.
Highlights:
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Defines “bank” to include any corporation and special-purpose depository institution subject to previously set limitations (Sec. 3).
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Defines “Wyoming financial institution” as any bank, savings and loan association, a special purpose depository institution or trust company chartered or organized under Wyoming laws (Sec. 3).
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Specifies that for the purposes of this act, a special purpose depository institution may refer to itself as a bank (Sec. 3).
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Specifies that nothing in this act shall prohibit a special purpose depository institution from obtaining FDIC insurance if available (Sec. 3).
Title: Establishes Special Purpose Depository Institutions to Serve Blockchain Businesses
Title: Establishes Special Purpose Depository Institutions to Serve Blockchain Businesses