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HB 74 - Establishes Special Purpose Depository Institutions to Serve Blockchain Businesses - Wyoming Key Vote

Stage Details

Title: Establishes Special Purpose Depository Institutions to Serve Blockchain Businesses

Title: Establishes Special Purpose Depository Institutions to Serve Blockchain Businesses

See How Your Politicians Voted

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:

 

  • Defines “bank” to include any corporation and special-purpose depository institution subject to previously set limitations (Sec. 3).

  • 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).

  • Specifies that for the purposes of this act, a special purpose depository institution may refer to itself as a bank (Sec. 3).

  • 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

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