- Wyoming legislature passed a bill that prohibits courts from compelled disclosure of private keys
- The legislation covers all private keys linked to digital assets and digital identities
- A person cannot be forced to produce, sell, or transfer information that contains a private key
With one minor exception, Wyoming lawmakers have enacted a bill that prohibits courts from compelling individuals to surrender the private keys to their digital assets.
On February 15, 2023, the Wyoming House of Representatives passed the bill during the state’s 67th general session.
In the event that Wyoming Governor Mark Gordon signs the law, it will begin to take effect on July 1, 2023.
Source: The State of Wyoming Legislature
The legislation encompasses any private keys linked with digital assets, a person’s digital identity, or any other interests or rights provided by the private key.
The minor exception occurs when a public key is inaccessible or unable to reveal information about a digital asset, digital identity, or other interests or rights.
The act also stipulates that the new law will not prohibit a person from being compelled to produce, transfer, sell, convey, or disclose a digital asset, digital identity, or other right or interest obtained through the use of a private key.”.
It also does not prohibit an individual from being compelled to disclose information on the digital identity, digital asset, or other interests or rights.
Wyoming has long been considered one of the most crypto-friendly U.S. states. In July of 2021, it was the first state in the United States to recognize a decentralized autonomous organization (DAO) as a Limited Liability Company (LLC).
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