HB0264

Prohibits Wyoming state agencies from accepting or requiring central bank digital currency and bars them from using public funds to support testing, adoption, or implementation of such currency.

• Prohibits state agencies from accepting or requiring payment in central bank digital currency for government services, taxes, or fees. (W.S. 9-14-601(a))
• Prohibits state agencies from using public funds to assist in testing, adopting, or implementing central bank digital currency in any manner. (W.S. 9-14-601(b))
• Defines central bank digital currency as a digital medium of exchange, token, or monetary unit of account issued directly by the United States federal reserve system or analogous federal agency. (W.S. 9-14-601(c)(i), Section 2(a))
• Defines state agency as the state of Wyoming or any of its branches, agencies, departments, boards, instrumentalities, or institutions. (W.S. 9-14-601(c)(ii))
• Contains legislative findings identifying risks of central bank digital currency, including direct links between financial activity and government, ability to restrict purchases, reduced credit availability, financial surveillance, and government control of financial activity. (Section 2(b))
• Urges Congress to prohibit the establishment of a central bank digital currency through federal legislative authority. (Section 2(c))
• Requires the Secretary of State to transmit copies of the legislative findings section to the President of the United States, leaders of Congress, and all members of the Wyoming Congressional Delegation. (Section 2(d))

Effective: Immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution

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