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Committee hears amendments to special-purpose depository law; discussion continued to Wednesday
Summary
Senate File 95, proposing changes to Wyoming's special-purpose depository institution (SPDI) statute, drew an extended presentation from the floor sponsor and technical questions from the banking commissioner; the committee did not complete consideration and will resume the bill on Wednesday.
Senate File 95, legislation to amend Wyoming's special-purpose depository institution (SPDI) statute, was presented to the Corporations, Elections & Political Subdivisions Committee and drew detailed testimony from the sponsor and the state banking commissioner. The committee recessed consideration and agreed to resume the bill on Wednesday for additional testimony and questions.
Senator Roth, the bill sponsor, told the committee the legislation codifies several changes developed by the interim blockchain select committee and by stakeholders. Among the main changes Roth described were: a statutory pathway for an SPDI…
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