Will Wyoming create a Digital Asset Authority? — Yes

- [2026-07-14] The Wyoming Select Committee on Blockchain, Financial Technology and Digital Innovation Technology began reviewing bill draft 27 LSO 10, which would create a Wyoming Digital Asset Authority to coordinate state digital asset work, oversee issuance and custody of government digital assets, and administer digital identity and payment infrastructure , with members debating board size and appointment methods. (https://citizenportal.ai/articles/8502487/wyoming/legislative/committees/select-committees-task-force/select-committee-on-capital-financing-investments/committee-reviews-draft-to-create-wyoming-digital-asset-authority-members-debate-board-makeup-and-oversight) - [2026-09-29] The Select Committee formally voted to advance legislation to reconstitute the Wyoming Stable Token Commission as the Wyoming Digital Asset Authority (27 LSO 10 v0.9) and adopted two committee amendments before passage , with a roll call of 5 ayes, 2 excused and 1 absent . (https://citizenportal.ai/articles/10410981/Wyoming/Executive/Organizations/Budget-Department/Committee-advances-digital-asset-authority-bill-with-custody-and-liaison-amendments) - [2026-09-29] The amended bill added language allowing the authority to custody government-issued digital assets or have them held by a qualified financial institution under a written custodial agreement; the committee also added two non-voting legislative liaison positions (one from each chamber) . (https://citizenportal.ai/articles/10410981/Wyoming/Executive/Organizations/Budget-Department/Committee-advances-digital-asset-authority-bill-with-custody-and-liaison-amendments) - [2026-09-20] As of the committee's September meeting agenda, the bill was listed as "27LSO-0010 v0.9 Wyoming Digital Asset Authority" , confirming it was still an interim-committee draft, not yet introduced in the legislature. (https://wyoleg.gov/Calendar/20260920/Meeting?type=committee&id=15164) - [2026 (summary page)] The committee's official charge for 2026 states it will evaluate legislation to restructure the Wyoming Stable Token Commission into a Wyoming Digital Asset Authority, broadening its role to serve as the centralized administrator for all Wyoming government-issued digital assets . (https://www.wyoleg.gov/Committees/2026/S19) - [2025-09-22] Earlier in the interim process, a commissioner recommended expanding the Stable Token Commission's scope or creating a broader digital-asset authority to regulate additional token classes and to permit yield-bearing or asset-backed tokens in the future , showing the concept originated well before the 2026 interim drafting. (https://citizenportal.ai/articles/5976465/Wyoming/Legislative/Committees/Select-Committees-and-Task-Force/Select-Committee-on-Blockchain/Financial-Technology-and-Digital-Innovation-Technology/Commissioners-and-select-committee-weigh-expanding-authority-for-asset-backed-tokens-and-broader-tokenization) - [2026-03-11] Wyoming's 2026 Budget Session adjourned, and it was confirmed that Wyoming's Sixty-Ninth Legislature will convene for the 2027 General Session on Jan. 12 . (https://county10.com/wyoming-legislatures-2026-budget-session-adjourns/) - [2026-08-10 (data as of)] A 50-state legislative calendar shows Wyoming's 2027 session: Session Dates: 1/12/27. Intro Deadlines: 3/8/27 , meaning the session (where the Digital Asset Authority bill would be introduced as a committee-sponsored bill) is scheduled to run from mid-January to roughly early March 2027, well before the April 1, 2027 market deadline. (https://www.multistate.us/resources/2027-legislative-session-dates) - [2026 General Session note] Because 2027 is a General Session (not a Budget Session), ordinary bills — including committee bills like 27 LSO 10 — do not require the two-thirds supermajority for introduction that applies only in even-numbered budget-session years, improving the bill's procedural path to a floor vote. (https://www.cwpma.org/cpages/wyoming-legislators) - [2026-09-02] Separately, the existing Wyoming Stable Token Commission continued routine stable-token operations (Chainlink Proof of Reserve integration for FRNT), unrelated to the Authority bill itself but confirming the Commission remains active and is the entity slated for conversion. The Wyoming Stable Token Commission, issuer of the first U.S.-state-issued stable token, today announced that the State of Wyoming has deepened its adoption of Chainlink to bring a new standard for reserve transparency . (http://www.prnewswire.com/news-releases/wyoming-stable-token-commission-adopts-chainlink-proof-of-reserve-to-set-new-us-standard-for-digital-asset-transparency-302867690.html) - [As of 2026-10-09] No evidence found that 27 LSO 10 has yet been formally introduced as a numbered bill (HB/SF) in the Wyoming Legislature; it remains an interim committee draft (v0.9) awaiting the 2027 General Session convening January 12, 2027. - [Kalshi contract page, undated snapshot] The Kalshi/Coinbase market description confirms the resolution hinges on enactment of legislation granting a Wyoming state entity (whether newly created or the Wyoming stable token commission with expanded powers) statutory authority to administer government-issued digital assets beyond the Wyoming stable token before April 1, 2027. (https://www.coinbase.com/predictions/event/KXLOCALLAW-WYDAA-27APR01) BOTTOM LINE: A committee-sponsored bill (27 LSO 10, "Wyoming Digital Asset Authority") that directly matches the resolution criteria passed its interim Select Committee on 2026-09-29 with amendments and is positioned for introduction when the 2027 General Session convenes on 2027-01-12 and runs to roughly 2027-03-08 — comfortably before the April 1, 2027 deadline — giving it a clear, time-feasible legislative path, though full passage and gubernatorial action are not yet complete. NOT FOUND: Confirmation that 27 LSO 10 has been assigned an official bill number (HB/SF) for the 2027 session; any statement from Governor Mark Gordon specifically endorsing or opposing the Digital Asset Authority bill; any text of the final v0.9 draft; any indication of opposition or expected floor vote counts in the House/Senate.

- [2026-07-14/15] Legislative staff presented bill draft 27 LSO 10, creating a Wyoming Digital Asset Authority with an eight-member board and broad powers over digital asset issuance/custody, to the Select Committee on Capital Financing and Investments; LSO staff presented bill draft 27 LSO 10 to create a Wyoming Digital Asset Authority with an eight‑member board and broad powers (issuance/custody of government digital assets), which would coordinate state digital asset work, oversee issuance and custody of government digital assets, and administer digital identity and payment infrastructure. (citizenportal.ai) - [2026-09-29] The relevant select committee formally voted to advance the bill: the select committee voted to advance legislation to reconstitute the Wyoming Stable Token Commission as the Wyoming Digital Asset Authority (27 LSO 10 v0.9) and adopted two committee amendments before passage, approved as amended, adding custody flexibility and two non‑voting legislative liaisons; roll call recorded 5 ayes, 2 excused and 1 absent. This is only a committee-level vote, not full legislative passage. - [2025-09-22] Base-rate precedent for topic momentum: a year earlier, members of the Select Committee on Blockchain and commissioners said Wyoming should begin laying statutory and operational groundwork to permit state-issued asset-backed tokens and other tokenization efforts beyond the Frontier Stable Token, recommending expanding the Commission's scope or creating a digital-asset authority. This shows the idea has been under serious legislative discussion for over a year before any bill draft existed. - [Reference class] Wyoming's blockchain/digital-asset select committee has a strong historical track record of converting its bill drafts into enacted law: in the 2023 session alone, Rothfuss and his fellow legislators sponsored five pieces of legislation this session — four of which have become law, with Gov. Gordon allowing SF127 (creating the Stable Token Commission) to pass into law without his signature and signing three others. - [2019–2024] Wyoming has enacted blockchain/digital-asset legislation in nearly every session since 2019: in 2019, Wyoming became the first state to enact blockchain-enabling legislation and to establish the treatment of digital assets such as cryptocurrencies and NFTs as intangible property under Article 9 of the Uniform Commercial Code , followed by amendments in 2021, the 2023 Stable Token Act, 2024 DUNA Act, and further 2024/2026 Stable Token amendments — an unbroken multi-year pattern of the legislature acting on this committee's proposals. - [2027 session calendar] Wyoming's Sixty-Ninth Legislature will convene for the 2027 General Session on Jan. 12 , and per legislative calendars session dates run 1/12/27 with intro deadlines of 2/1/27 (House) and 1/27/27 (Senate) and a crossover deadline of 2/10/27 . This 2027 general (non-budget) session allows ordinary bills without the two-thirds introduction threshold required in budget years, improving passage odds versus a budget session. - [Session structure] The General Session is limited to 40 legislative days , meaning the 2027 session (Jan 12 start) should conclude well before the April 1, 2027 market close, giving ample time for enactment if the bill clears committee stage and floor votes as scheduled. - [Political environment] Republicans are expected to hold the governorship and maintain near-unanimous control of both chambers of the legislature , and Governor Gordon has been a consistent, public champion of the state's digital-asset initiatives (he chairs the Stable Token Commission and touted FRNT's launch), reducing likelihood of gubernatorial veto if the bill reaches his desk. - [No comparable prior "No" case found] There is no identified instance in this reference class (Wyoming blockchain/digital-asset committee bills reaching the full committee-approval stage pre-session) failing to become law in the subsequent session; the committee's bills historically pass at a high rate once formally advanced with bipartisan committee votes (5-0 effective margin here, with absences/excused not opposed). BOTTOM LINE: The reference class — Wyoming's Select Committee on Blockchain/Capital Financing digital-asset bills from 2019–2026 — shows an unusually high historical enactment rate (most committee-advanced digital-asset bills have become law, typically within one legislative session of committee passage), and this specific bill (27 LSO 10) has already passed committee with a lopsided vote ahead of the Jan 12, 2027 session, which comfortably fits within the Apr 1, 2027 deadline; the outside view favors Yes. NOT FOUND: The exact text/certainty of interim Management Council sponsorship (whether 27 LSO 10 will be formally sponsored as a committee bill for 2027, which affects introduction deadlines) and any polling/explicit odds from prediction markets or legal experts on this specific bill's passage probability.

YES means: Wyoming enacts legislation this session (by April 1, 2027) that either creates a new Wyoming Digital Asset Authority or expands the Wyoming Stable Token Commission's statutory powers so that a Wyoming state entity has authority to administer government-issued digital assets beyond the Wyoming stable token — with full passage, executive action/inaction, and any waiting periods completed. - [2026-09-29] The Select Committee's agenda confirms the Governor's office is already directly engaged in the underlying policy: a "Cash Equivalent Memorandum" was presented by **David Pope, Governor's Liaison**, alongside the 27LSO-0010 v0.9 bill draft discussion, indicating executive-branch coordination on the digital-asset framework rather than indifference or opposition. (https://wyoleg.gov/Calendar/20260920/Meeting?type=committee&id=15164) - [2026-07-14] The underlying bill draft explicitly structures the new Authority's board with four members appointed by elected officials subject to Senate confirmation plus four subject-matter-expert appointees, giving the Governor/executive branch direct institutional buy-in and reducing the odds of gubernatorial veto once the bill reaches his desk. (https://citizenportal.ai/articles/8502487/Wyoming/Legislative/Committees/Select-Committees-and-Task-Force/Select-Committee-on-Capital-Financing-and-Investments/Committee-reviews-draft-to-create-Wyoming-Digital-Asset-Authority-members-debate-board-makeup-and-oversight) - [Senate Rules, current] Wyoming's Senate procedural rules give joint/select interim committees a structural fast-track: "bills sponsored by the joint interim committees may be considered on the opening day of the session," bypassing the ordinary bill-limit and late-filing constraints that slow individual-member bills. (https://www.wyoleg.gov/docs/SenateRules.pdf) - [House Rules, current] The House rules mirror this: sponsorship limits "shall not apply to joint interim committees," and committee bills can be introduced and read on day one of a session, which for 2027 is January 12 — leaving the full ~40-legislative-day general session (intro deadlines around Feb 1 House/Jan 27 Senate per the committee's own calendar) to complete passage well ahead of the April 1 deadline. (https://wyoleg.gov/2024/Rules/HouseRules.pdf) - [Statutory basis] Wyoming's legislative manual confirms that "legislative committees which may sponsor legislation include only committees as specified in W.S. 28-8-104(e)" — the Select Committee on Blockchain, Financial Technology and Digital Innovation Technology is one of these statutorily empowered sponsoring committees, so 27 LSO 10 does not need a separate Management Council vote to be introduced as a committee bill once the committee itself has voted to sponsor it (as it did Sept. 29). (https://wyoleg.gov/leginfo/policies/manlepro.pdf) - [2023 precedent, fetched] The closest direct precedent — SF0076, the "Wyoming digital asset registration act," also sponsored by this same Select Committee — shows the committee's bills move fast once committee-approved: "Bill Number Assigned" 1/4/2023, passed both chambers, and "Governor Signed SEA No. 0095" by 3/9/2023, a roughly two-month path from bill-number assignment to law. (https://wyoleg.gov/Legislation/2023/SF0076) - [2025, chair-level momentum] A year before the current draft, the same committee's co-chairman (Rothfuss) is on record moving and passing roll-call votes to formally sponsor multiple blockchain-related bill drafts for the following session, the identical procedural pattern now completed for 27 LSO 10 on Sept. 29, 2026 — showing the committee reliably converts "advance" votes into formal sponsorship before session convenes. (https://wyoleg.gov/InterimCommittee/2025/S19-20250922830MeetingMinutes.pdf) - [Political/track record] Industry commentary on Wyoming's digital-asset legislative program notes Governor Gordon "has signed over 30 pieces of legislation focused on the treatment and utilization of cryptocurrency, blockchain, and digital assets," underscoring an unbroken gubernatorial pattern of signing this committee's bills rather than vetoing them. (https://content.govdelivery.com/accounts/WYGOV/bulletins/3d6ce34) - [2026-10 contemporaneous, sibling-topic] A parallel Oct. 2026 report on a different Wyoming interim-committee bill (online sweepstakes) shows that even same-committee drafts without a clean vote can stall at the "Management Council sponsorship" stage when a motion "failed for lack of a second" — illustrating the sponsorship step is a real, typically pro-forma but non-trivial gate that 27 LSO 10 must still clear, though it already has the stronger prerequisite (full committee passage with amendments) that the sweepstakes drafts lacked. (https://rg.org/news/gambling-industry/wyoming-lawmakers-weigh-ban-vs-rules-online-sweepstakes) BOTTOM LINE: The single most likely path to Yes is already substantially de-risked: 27 LSO 10 cleared its interim committee with amendments on 2026-09-29, the committee itself holds direct statutory sponsorship authority (no separate Management Council vote required), Wyoming's own procedural rules let committee bills be introduced on day one of the Jan 12, 2027 session and move through a 40-day general session with no supermajority barrier, and the committee's own 2023 precedent (SF0076) shows a ~2-month path from sponsorship to gubernatorial signature — all comfortably inside the April 1, 2027 deadline, with a Governor who has signed essentially every prior bill from this committee. NOT FOUND: A confirmed, dated statement that the Select Committee formally voted (separately from the Sept. 29 "advance" vote) to designate 27 LSO 10 as a committee-sponsored bill for 2027 introduction; an assigned 2027 bill number (HB/SF); any explicit Governor Gordon comment on the Digital Asset Authority bill specifically (as opposed to stable tokens generally); any recorded opposition or expected floor-vote whip count.

YES means: Wyoming enacts legislation — either creating a new Wyoming Digital Asset Authority or expanding the Wyoming Stable Token Commission's statutory powers — to administer government-issued digital assets beyond the Wyoming stable token, with full legal effect (passed both chambers, signed/allowed to become law or veto override, and any waiting periods satisfied) before April 1, 2027. - [2026-09-29] The committee vote to advance 27 LSO 10 was only 5 ayes with 2 members excused and 1 absent out of an 8-member committee, meaning fewer than two-thirds of the full membership affirmatively voted — a thin procedural base from which to claim momentum, as reported in the same article colleagues cited (https://citizenportal.ai/articles/10410981/Wyoming/Executive/Organizations/Budget-Department/Committee-advances-digital-asset-authority-bill-with-custody-and-liaison-amendments). - [2026-07-15] LSO staff and commissioners themselves flagged substantive unresolved problems with the bill at the July hearing: "staff notes and commissioners flagged potential risks from overlapping authority, blurred functional boundaries between the authority and the Stable Token Commission, fiduciary gaps in custody standards, and funding needs to execute the authority's broad mandate." These are the kind of structural/fiscal issues that commonly stall committee bills on the floor even after committee passage. - [2026-07-15] The committee was still debating basic structural alternatives as late as July — "Committee members discussed three structural options: keep both entities with clear boundaries, subsume the commission into the authority, or transition the commission into the single authority with divisions for stable tokens, custody, real‑world assets and digital identity" — indicating the design was far from settled just two months before the September committee vote, raising the risk of further contentious amendment on the floor. - [undated, ~2025] Wyoming's own legislative leadership has publicly acknowledged a declining success rate for committee-sponsored bills: a Buffalo Bulletin report quoting Management Council members noted "lawmakers on the council cited the lack of interim bills considered during the 2025 general session. Fewer than half of interim bills became law this year." - [undated, ~2025] A separate Wyoming Tribune Eagle report on the same Management Council trend stated "the trend of committee-sponsored bills passing the Legislature has declined over the last two sessions" and that "A post-session Legislative Service Office (LSO) report found that less than half of committee-sponsored bills passed the Legislature this year. During the 2024 budget session, where non-budget bills needed a two-thirds introductory vote to be considered, a record-low 69% of committee bills had successfully been introduced" — showing introduction/passage attrition is a real, recent, recurring pattern for this exact bill-type, not merely historical. - [2024, precedent] The Wyoming Freedom Caucus has an established record of killing committee-vetted bills procedurally: "During the 2024 budget session, the caucus used the two-thirds vote required to introduce non-budget legislation to prevent numerous committee-sponsored bills from receiving debate. Committee bills ordinarily result from months of public meetings, testimony and interim study. The defeated measures included legislation..." Although 2027 is a General Session (removing the 2/3 introduction hurdle per colleagues' report), the Freedom Caucus and skeptical factions remain active in blocking or amending crypto/blockchain-adjacent bills via floor maneuvers, committee re-referral, or amendment fights. - [2026-09-29, undated note] No fiscal note or appropriation figure for 27 LSO 10 has surfaced in any public reporting found; given the bill creates an eight-member board, custodial infrastructure and potentially new staff (per the July 15 "funding needs" concern), an unresolved or large fiscal note could trigger Appropriations Committee review and additional delay once introduced in January 2027, compressing the already-tight 40-legislative-day general session window before the April 1 deadline. - [2026-09-29, undated] No evidence yet that 27 LSO 10 has been formally assigned as a Management Council/committee-sponsored bill number (HB/SF) for introduction, and colleagues' "NOT FOUND" note confirms no governor statement of support exists; Governor Gordon's silence specifically on this bill (versus his vocal support for the Stable Token Commission/FRNT) leaves open the possibility of a veto or delay if the final floor text differs materially from the committee-amended v0.9 draft. - [2026-09-29, mechanism] Because the committee vote only approved a draft (v0.9) rather than final statutory text, the bill must still clear First/Second/Third readings in both the House and Senate, survive any conference committee reconciliation of differences, and receive gubernatorial action — multiple sequential veto points between now and April 1, 2027, any one of which (floor amendment fights over the custody/fiduciary issues staff flagged, Freedom Caucus procedural objections, or a late fiscal note fight) could push final enactment past the deadline or kill the bill outright, consistent with the "less than half of interim bills become law" base rate cited above. BOTTOM LINE: Despite committee passage, this specific reference class (Wyoming interim-committee bills) has recently failed to become law more often than not, the committee's own staff and commissioners identified unresolved structural/fiduciary/funding problems as recently as July 2026, the September vote was far from unanimous, and no fiscal note, formal bill number, or gubernatorial endorsement yet exists — leaving real room for floor amendment fights, Freedom Caucus procedural blocking, or appropriations delay to push the outcome to NO before April 1, 2027. NOT FOUND: A fiscal note or cost estimate for 27 LSO 10; confirmation of Management Council sponsorship/bill-number assignment for the 2027 session; any direct opposition letters specifically targeting the Digital Asset Authority bill (only an analogous opposition letter on a different bill, the Personal Data Ownership Act, from the same committee's 2027 docket, was found); any statement from Governor Gordon on this specific bill.