SF0021SS001

This amendment restructures the Wyoming stable token framework by creating a new liquidity account, expanding the commission's authority to enter into interstate agreements, and revising the distribution and use of funds within the administration account.

• Adds language to the bill's statement of purpose to reflect the creation of a Wyoming stable token liquidity account and authorization for the commission to enter into agreements with other states. (Page 1, line 7)
• Expands the scope of Section 1 amendments to include W.S. 40-31-103(a) and 40-31-106(a), (b), (c)(i) and creates new subsections (d) and (e), in addition to the amendments already specified in the original bill. (Page 1, lines 12-14)
• Grants the Wyoming stable token commission explicit authority to enter into agreements with other states for consulting, coordinating, and facilitating the use of Wyoming stable tokens. (Page 1, lines 15-21)
• Deletes existing language regarding transfer priorities and reserve requirements in the administration account provision. (Page 2, lines 16-18 and lines 19)
• Revises the language introducing the list of fund distribution priorities from 'according to the following priority:' to 'for the following:'. (Page 3, lines 18-30)
• Restructures the administration account distribution priorities to first cover operational costs, then transfer funds to maintain a 2% liquidity reserve, then retain savings, then distribute remainder to public school foundation. (Page 4, lines 1-12)
• Creates a new Wyoming stable token liquidity account to be maintained at 2% of the notional value of outstanding tokens, with continuously appropriated funds for maintaining the reserve and supporting redemptions, and authorizes the commission to accept federal grants and donations for deposit into any account created. (Page 4, after line 10)
• Changes the effective date from July 1, 2026 to immediately upon completion of all acts necessary for the bill to become law. (Page 4, line 12)

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