{ "jurisdiction_id": "US-WY", "jurisdiction": "United States – Wyoming", "url": "https://payments.gi/jurisdictions/united-states-wyoming/", "generator": "render_jid v13.3.0", "date_modified": "2026-08-11", "schema_version": "world-payments-v1", "counts": { "modules": 14, "sourced_findings": 62, "source_register": 141 }, "modules": [ { "code": "W1a", "name": "Licensing, Authorisation & Market Access", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/united-states-wyoming/#w1a-licensing-authorisation-market-access", "standing_position": "Wyoming licenses money transmitters under the WY Money Transmitters Act via the Division of Banking, and pioneers SPDI bank charters since 2019. 2026 HB75 extends the MTA perimeter to virtual currency kiosks (W.S. 40-32-101 to 103).", "findings": [ { "finding": null, "instrument_type": "primary statute", "source": "https://law.justia.com/codes/wyoming/2010/Title40/chapter22.html", "source_url": "https://wyomingbankingdivision.wyo.gov/money-transmitters", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "regulator portal", "source": "https://wyomingbankingdivision.wyo.gov/money-transmitters", "source_url": "https://wyomingbankingdivision.wyo.gov/money-transmitters", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "primary statute / charter framework", "source": "https://wyomingbankingdivision.wyo.gov/banks-and-trust-companies/special-purpose-depository-institutions", "source_url": "https://wyomingbankingdivision.wyo.gov/money-transmitters", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary legal commentary", "source": "https://moneytransmitterlaw.com/state-laws/wyoming-money-transmitter-license-bitcoin-law-blockchain-token/", "source_url": "https://wyomingbankingdivision.wyo.gov/money-transmitters", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "primary statute", "source": "https://wyomingbankingdivision.wyo.gov/banks-and-trust-companies/financial-technology-sandbox", "source_url": "https://wyomingbankingdivision.wyo.gov/money-transmitters", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary/vendor", "source": "https://suretygroup.com/surety-bond/wyoming-money-transmitter-bond/", "source_url": "https://wyomingbankingdivision.wyo.gov/money-transmitters", "source_tier": "4", "retrieved_at": "2026-07-05" } ] }, { "code": "W1b", "name": "Conduct, Safeguarding & Financial Promotions", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-wyoming/#w1b-conduct-safeguarding-financial-promotions", "standing_position": "Wyoming's safeguarding regime for money transmitters rests on permissible-investment requirements (cash, CDs, securities, Treasuries) equal to outstanding obligations, backed by a surety bond, with annual audited statements. For SPDI/bank digital-asset custody, the 2019 Digital Asset Statute (W.S. 34-29-101 et seq.) mandates an opt-in bailment or statutory-bailment framework with strict segregation, written customer agreements, and consumer-protection-statute status for the custody chapter itself. No dedicated payments financial-promotions regime exists distinct from the general Consumer Protection Act (covered under W10).", "findings": [ { "finding": null, "instrument_type": "primary statute", "source": "https://law.justia.com/codes/wyoming/2022/title-34/chapter-29/section-34-29-102/", "source_url": "https://suretygroup.com/surety-bond/wyoming-money-transmitter-bond/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary legal commentary", "source": "https://www.lexology.com/library/detail.aspx?g=72a5d03a-98c2-45d5-8bdd-ff98ac7b9730", "source_url": "https://law.justia.com/codes/wyoming/2022/title-34/chapter-29/section-34-29-102/", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary legal commentary", "source": "https://practiceguides.chambers.com/practice-guides/fintech-2026/usa-wyoming/trends-and-developments", "source_url": "https://law.justia.com/codes/wyoming/2022/title-34/chapter-29/section-34-29-102/", "source_tier": "2", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary press", "source": "https://www.wyomingnews.com/wyomingbusinessreport/current_edition/wyoming-s-digital-asset-banks-offer-solutions-to-growing-class-of-investments/article_b1a2907b-51b9-5115-bf56-38d698eb56ce.html", "source_url": "https://law.justia.com/codes/wyoming/2022/title-34/chapter-29/section-34-29-102/", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary/vendor", "source": "https://suretygroup.com/surety-bond/wyoming-money-transmitter-bond/", "source_url": "https://law.justia.com/codes/wyoming/2022/title-34/chapter-29/section-34-29-102/", "source_tier": "4", "retrieved_at": "2026-07-05" } ] }, { "code": "W2", "name": "Stablecoins & Digital Money", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-wyoming/#w2-stablecoins-digital-money", "standing_position": "Wyoming has moved from enabling legislation to live issuance: the Wyoming Stable Token Commission (created under the Wyoming Stable Token Act, W.S. 40-31-101 et seq.) launched the Frontier Stable Token (FRNT) for public purchase on 7 January 2026 — the first fiat-backed, fully-reserved stablecoin issued by a U.S. public entity — on seven blockchains (Solana, Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon), reserves backed by short-duration U.S. Treasuries. This sits alongside the SPDI charter framework, which independently permits digital-asset custody by chartered banks. At the federal level, the GENIUS Act (2025) and the pending FinCEN/OFAC AML/CFT NPRM for Permitted Payment Stablecoin Issuers (April 2026) will overlay Wyoming's state-level regime for any federally-regulated stablecoin issuers operating from Wyoming.", "findings": [ { "finding": null, "instrument_type": "primary statute-derived launch / official announcement", "source": "https://governor.wyo.gov/news-releases/wyoming-ushers-in-new-era-launches-first-of-its-kind-frontier-stable-token-for-public-purchase", "source_url": "https://governor.wyo.gov/news-releases/wyoming-ushers-in-new-era-launches-first-of-its-kind-frontier-stable-token-for-public-purchase", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "primary statute / agency factbook", "source": "https://wyoleg.gov/InterimCommittee/2025/02-20251208091-STC-152-Factbook.pdf", "source_url": "https://governor.wyo.gov/news-releases/wyoming-ushers-in-new-era-launches-first-of-its-kind-frontier-stable-token-for-public-purchase", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "primary budget/agency report", "source": "https://wyoleg.gov/InterimCommittee/2026/02-20260112091-StableTokenCommission-revised.pdf", "source_url": "https://governor.wyo.gov/news-releases/wyoming-ushers-in-new-era-launches-first-of-its-kind-frontier-stable-token-for-public-purchase", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary press", "source": "https://www.coindesk.com/policy/2025/03/26/wyoming-state-gears-towards-launching-a-stablecoin-this-year", "source_url": "https://governor.wyo.gov/news-releases/wyoming-ushers-in-new-era-launches-first-of-its-kind-frontier-stable-token-for-public-purchase", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary industry commentary", "source": "https://www.kraken.com/learn/finance/spdi-bank-charter", "source_url": "https://governor.wyo.gov/news-releases/wyoming-ushers-in-new-era-launches-first-of-its-kind-frontier-stable-token-for-public-purchase", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "federal proposed rule", "source": "https://www.federalregister.gov/documents/2026/04/10/2026-06963/permitted-payment-stablecoin-issuer-anti-money-launderingcountering-the-financing-of-terrorism", "source_url": "https://governor.wyo.gov/news-releases/wyoming-ushers-in-new-era-launches-first-of-its-kind-frontier-stable-token-for-public-purchase", "source_tier": "1", "retrieved_at": "2026-07-05" } ] }, { "code": "W3", "name": "Operational Resilience & Critical Infrastructure", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-wyoming/#w3-operational-resilience-critical-infrastructure", "standing_position": "Wyoming has no distinct state-level operational-resilience statute for payments/banking; state-chartered banks and SPDIs operate under the federal FFIEC/OCC/FDIC/Federal Reserve examination framework (Business Continuity Management booklet, Cybersecurity Assessment Tool) that applies to all U.S. depository institutions regardless of charter type. Separately, Wyoming's state government maintains its own Office of Cybersecurity (within Enterprise Technology Services) for incident detection/response across state agencies, though this is a general-government function rather than a payments-specific resilience regime.", "findings": [ { "finding": null, "instrument_type": "federal supervisory guidance", "source": "https://www.ffiec.gov/sites/default/files/media/press-releases/2022/2022-cybersecurity-resource-guide-ffiec.pdf", "source_url": "https://www.ffiec.gov/sites/default/files/media/press-releases/2022/2022-cybersecurity-resource-guide-ffiec.pdf", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary regulatory analysis", "source": "https://www.pwc.com/us/en/services/consulting/cybersecurity-risk-regulatory/library/ffiec-operational-resilience.html", "source_url": "https://www.ffiec.gov/sites/default/files/media/press-releases/2022/2022-cybersecurity-resource-guide-ffiec.pdf", "source_tier": "2", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "federal supervisory report", "source": "https://www.occ.gov/publications-and-resources/publications/cybersecurity-and-financial-system-resilience/files/pub-2025-cybersecurity-report.pdf", "source_url": "https://www.ffiec.gov/sites/default/files/media/press-releases/2022/2022-cybersecurity-resource-guide-ffiec.pdf", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "state government resource", "source": "https://ets.wyo.gov/cybersecurity", "source_url": "https://www.ffiec.gov/sites/default/files/media/press-releases/2022/2022-cybersecurity-resource-guide-ffiec.pdf", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "state government resource", "source": "https://ets.wyo.gov/cybersecurity/incident-response-management/cybersecurity-incident-reporting", "source_url": "https://www.ffiec.gov/sites/default/files/media/press-releases/2022/2022-cybersecurity-resource-guide-ffiec.pdf", "source_tier": "1", "retrieved_at": "2026-07-05" } ] }, { "code": "W4", "name": "Scheme & Network Compliance", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-wyoming/#w4-scheme-network-compliance", "standing_position": "Wyoming imposes no state prohibition or specific cap on credit-card surcharging (governed instead by the federal 4% ceiling and Visa/Mastercard network caps of 3%/4% respectively), but is nationally distinctive in capping cash-discount programmes at 5% under Wyoming's Credit Service Charge statute — the only state with an explicit statutory cash-discount ceiling. Beyond surcharge/discount treatment, Wyoming does not layer additional state-level card-scheme or interchange regulation atop the federal Durbin Amendment framework governing debit interchange.", "findings": [ { "finding": null, "instrument_type": "secondary compliance guide", "source": "https://merchantcostconsulting.com/lower-credit-card-processing-fees/credit-card-surcharge-laws-by-state/", "source_url": "https://law.justia.com/codes/wyoming/title-40/chapter-14/article-2/section-40-14-209/", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "primary statute", "source": "https://law.justia.com/codes/wyoming/title-40/chapter-14/article-2/section-40-14-209/", "source_url": "https://law.justia.com/codes/wyoming/title-40/chapter-14/article-2/section-40-14-209/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary compliance guide", "source": "https://www.getflexpoint.com/credit-card-surcharging-us-states/wyoming", "source_url": "https://law.justia.com/codes/wyoming/title-40/chapter-14/article-2/section-40-14-209/", "source_tier": "4", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary compliance guide", "source": "https://ebizcharge.com/blog/credit-card-surcharging-a-state-by-state-legal-analysis/", "source_url": "https://law.justia.com/codes/wyoming/title-40/chapter-14/article-2/section-40-14-209/", "source_tier": "4", "retrieved_at": "2026-07-05" } ] }, { "code": "W5", "name": "Payment Corridor Dynamics", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-wyoming/#w5-payment-corridor-dynamics", "standing_position": "Wyoming's principal 'corridor' relevance is not cross-border remittance but direct-to-Fed settlement access for its SPDI-chartered digital-asset banks: Kraken Financial received a limited-purpose Federal Reserve master account from the Kansas City Fed (4 March 2026), enabling direct Fedwire settlement and bypassing correspondent-bank intermediaries — a first for a crypto-native firm. Complementing this, the state-issued FRNT stablecoin is designed as a multi-chain settlement instrument, bridgeable across seven blockchains via the Stargate interoperability platform for near-instant, low-fee dollar-denominated value transfer domestically and internationally.", "findings": [ { "finding": null, "instrument_type": "primary regulator announcement", "source": "https://www.kansascityfed.org/newsroom/2026-news-releases/federal-reserve-bank-of-kansas-city-approves-limited-account/", "source_url": "https://www.kansascityfed.org/newsroom/2026-news-releases/federal-reserve-bank-of-kansas-city-approves-limited-account/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary legal analysis", "source": "https://www.consumerfinancialserviceslawmonitor.com/2026/03/kraken-secures-fed-master-account/", "source_url": "https://www.kansascityfed.org/newsroom/2026-news-releases/federal-reserve-bank-of-kansas-city-approves-limited-account/", "source_tier": "2", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "official announcement", "source": "https://governor.wyo.gov/news-releases/wyoming-ushers-in-new-era-launches-first-of-its-kind-frontier-stable-token-for-public-purchase", "source_url": "https://www.kansascityfed.org/newsroom/2026-news-releases/federal-reserve-bank-of-kansas-city-approves-limited-account/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "official congressional statement", "source": "https://www.lummis.senate.gov/press-releases/lummis-annouces-historic-approval-of-federal-reserve-master-account-for-kraken/", "source_url": "https://www.kansascityfed.org/newsroom/2026-news-releases/federal-reserve-bank-of-kansas-city-approves-limited-account/", "source_tier": "1", "retrieved_at": "2026-07-05" } ] }, { "code": "W6", "name": "Industry Structure & Commercial Dynamics", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-wyoming/#w6-industry-structure-commercial-dynamics", "standing_position": "Wyoming's payments-relevant industry structure has two distinct layers: a shrinking traditional community-bank sector undergoing out-of-state roll-up consolidation (e.g., Bank of Jackson Hole's 2022 acquisition by Denver-based National Bank Holdings Corporation), alongside the state's largest banks by asset size (Hilltop Bank, Pinnacle Bank, Bank of Jackson Hole) and out-of-state branch networks (Wells Fargo, First Interstate, U.S. Bank); and a distinct, fast-growing digital-asset/fintech cluster (Kraken Financial, Custodia Bank, and dozens of smaller private fintech/crypto startups) drawn by the state's SPDI charter, sandbox and favourable LLC/DAO structures.", "findings": [ { "finding": null, "instrument_type": "SEC filing", "source": "https://www.sec.gov/Archives/edgar/data/0001475841/000155837022005001/nbhc-20220401xex99d1.htm", "source_url": "https://www.sec.gov/Archives/edgar/data/0001475841/000147584122000054/nbhc-20221001xex99d1.htm", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "SEC filing", "source": "https://www.sec.gov/Archives/edgar/data/0001475841/000147584122000054/nbhc-20221001xex99d1.htm", "source_url": "https://wyomingbankingdivision.wyo.gov/banks-and-trust-companies/special-purpose-depository-institutions", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary market overview", "source": "https://bankbonus.com/best/banks-in-wyoming/", "source_url": "https://wyomingbankingdivision.wyo.gov/banks-and-trust-companies/special-purpose-depository-institutions", "source_tier": "4", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary market overview", "source": "https://usllcglobal.com/guides/wyoming-llc-crypto", "source_url": "https://wyomingbankingdivision.wyo.gov/banks-and-trust-companies/special-purpose-depository-institutions", "source_tier": "4", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary market survey", "source": "https://aeroleads.com/list/top-fintech-companies-in-wyoming", "source_url": "https://wyomingbankingdivision.wyo.gov/banks-and-trust-companies/special-purpose-depository-institutions", "source_tier": "4", "retrieved_at": "2026-07-05" } ] }, { "code": "W7", "name": "Legal & Litigation", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-wyoming/#w7-legal-litigation", "standing_position": "The dominant Wyoming-nexus payments litigation is Custodia Bank, Inc. v. Federal Reserve Board of Governors and Federal Reserve Bank of Kansas City, running since 2022 in the U.S. District Court for the District of Wyoming and the Tenth Circuit. The Tenth Circuit panel affirmed (2-1) that Reserve Banks retain discretion to deny master-account requests from legally-eligible institutions, and on 13 March 2026 the full Tenth Circuit denied Custodia's petition for en banc rehearing (7-3), closing off Custodia's principal avenue of appeal even as parallel Fed policy on 'skinny' master accounts opened for other Wyoming SPDIs.", "findings": [ { "finding": null, "instrument_type": "court decision summary", "source": "https://bankingjournal.aba.com/2026/04/tenth-circuit-denies-rehearing-en-banc-in-custodia-banks-lawsuit-over-master-accounts/", "source_url": "https://bankingjournal.aba.com/2026/04/tenth-circuit-denies-rehearing-en-banc-in-custodia-banks-lawsuit-over-master-accounts/", "source_tier": "2", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "court opinion", "source": "https://www.ca10.uscourts.gov/sites/ca10/files/opinions/010111327582.pdf", "source_url": "https://bankingjournal.aba.com/2026/04/tenth-circuit-denies-rehearing-en-banc-in-custodia-banks-lawsuit-over-master-accounts/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary legal analysis", "source": "https://www.davispolk.com/insights/client-update/district-courts-refuse-order-federal-reserve-grant-master-accounts-custodia", "source_url": "https://bankingjournal.aba.com/2026/04/tenth-circuit-denies-rehearing-en-banc-in-custodia-banks-lawsuit-over-master-accounts/", "source_tier": "2", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary press", "source": "https://www.americanbanker.com/news/why-banks-are-siding-with-the-fed-in-custodia-master-account-suit", "source_url": "https://bankingjournal.aba.com/2026/04/tenth-circuit-denies-rehearing-en-banc-in-custodia-banks-lawsuit-over-master-accounts/", "source_tier": "3", "retrieved_at": "2026-07-05" } ] }, { "code": "W8", "name": "Merchant Acquiring & Risk", "confidence": "Assessed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-wyoming/#w8-merchant-acquiring-risk", "standing_position": "No dedicated Wyoming state statute or regulator governs merchant-acquiring practices, high-risk-merchant onboarding, or chargeback/dispute mechanics beyond the general federal card-network framework and Wyoming's cash-discount cap (see W4). High-risk-merchant treatment for categories with elevated Wyoming relevance (firearms, given the state's permissive gun laws; hemp/CBD, given agricultural diversification) follows the same national acquiring-bank/processor risk frameworks applied in every U.S. state, with no Wyoming-specific carve-out identified after a dedicated search of the Division of Banking and Attorney General sites.", "findings": [ { "finding": null, "instrument_type": "secondary vendor commentary", "source": "https://paykings.com/high-risk-processing-industries/firearms-merchant-account/", "source_url": "https://paykings.com/high-risk-processing-industries/firearms-merchant-account/", "source_tier": "4", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary compliance guide", "source": "https://merchantcostconsulting.com/lower-credit-card-processing-fees/credit-card-surcharge-laws-by-state/", "source_url": "https://paykings.com/high-risk-processing-industries/firearms-merchant-account/", "source_tier": "3", "retrieved_at": "2026-07-05" } ] }, { "code": "W9", "name": "Product Innovation & Market Development", "confidence": "Confirmed", "moved_this_cycle": true, "url": "https://payments.gi/jurisdictions/united-states-wyoming/#w9-product-innovation-market-development", "standing_position": "Wyoming's public-entity Frontier Stable Token (FRNT) is deployed as a unified token contract across seven public blockchains (Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, Solana) with LayerZero/Stargate bridging.", "findings": [ { "finding": null, "instrument_type": "primary statute", "source": "https://wyomingbankingdivision.wyo.gov/banks-and-trust-companies/financial-technology-sandbox", "source_url": "https://wyomingbankingdivision.wyo.gov/banks-and-trust-companies/financial-technology-sandbox", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary press", "source": "https://www.wyomingpublicmedia.org/politics-government/2025-07-18/wyoming-stable-token-declared-ready-for-primetime-ahead-of-august-release", "source_url": "https://wyomingbankingdivision.wyo.gov/banks-and-trust-companies/financial-technology-sandbox", "source_tier": "2", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary press", "source": "https://www.theblock.co/post/367459/wyoming-launches-first-state-backed-stablecoin-on-seven-blockchains", "source_url": "https://wyomingbankingdivision.wyo.gov/banks-and-trust-companies/financial-technology-sandbox", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "primary regulator announcement", "source": "https://www.kansascityfed.org/newsroom/2026-news-releases/federal-reserve-bank-of-kansas-city-approves-limited-account/", "source_url": "https://wyomingbankingdivision.wyo.gov/banks-and-trust-companies/financial-technology-sandbox", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary market overview", "source": "https://usllcglobal.com/guides/wyoming-llc-crypto", "source_url": "https://wyomingbankingdivision.wyo.gov/banks-and-trust-companies/financial-technology-sandbox", "source_tier": "4", "retrieved_at": "2026-07-05" } ] }, { "code": "W10", "name": "Consumer Protection & APP Fraud", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-wyoming/#w10-consumer-protection-app-fraud", "standing_position": "Wyoming's general consumer-protection regime — the Wyoming Consumer Protection Act (W.S. 40-12-101 to -114), enforced by the Attorney General's Consumer Protection and Antitrust Unit — covers deceptive trade practices in payments-adjacent consumer transactions (unauthorised subscription billing, misrepresented services) but contains no payments-specific APP (authorised-push-payment) fraud reimbursement mandate, ombudsman scheme, or disclosure regime distinct from general deceptive-trade-practice law. Enforcement is complaint-driven, with civil penalties up to $10,000 per violation (up to $15,000 for violations targeting the elderly/disabled).", "findings": [ { "finding": null, "instrument_type": "primary statute", "source": "https://law.justia.com/codes/wyoming/title-40/chapter-12/article-1/section-40-12-105/", "source_url": "https://attorneygeneral.wyo.gov/law-office-division/consumer-protection-and-antitrust-unit", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "primary statute", "source": "https://law.justia.com/codes/wyoming/2010/Title40/chapter12.html", "source_url": "https://attorneygeneral.wyo.gov/law-office-division/consumer-protection-and-antitrust-unit", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "primary enforcement record", "source": "https://ag.wyo.gov/law-office-division/consumer-protection-and-antitrust-unit/resolved-matters", "source_url": "https://attorneygeneral.wyo.gov/law-office-division/consumer-protection-and-antitrust-unit", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "regulator portal", "source": "https://attorneygeneral.wyo.gov/law-office-division/consumer-protection-and-antitrust-unit", "source_url": "https://attorneygeneral.wyo.gov/law-office-division/consumer-protection-and-antitrust-unit", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary legal commentary", "source": "https://faircontracts.org/wyoming-consumer-law/", "source_url": "https://attorneygeneral.wyo.gov/law-office-division/consumer-protection-and-antitrust-unit", "source_tier": "3", "retrieved_at": "2026-07-05" } ] }, { "code": "W11", "name": "AML/CFT & Financial Crime", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-wyoming/#w11-aml-cft-financial-crime", "standing_position": "SENTINEL-FED MODULE — carrying the payments-context AML/CFT position, not original illicit-finance analysis. Wyoming money transmitters and virtual-currency administrators/exchangers are subject to the federal Bank Secrecy Act framework via FinCEN MSB registration, SAR filing, and AML-programme obligations; Wyoming's SPDIs sit within this same federal BSA perimeter. The live federal-level development most material to Wyoming's payments/stablecoin sector is FinCEN's April 2026 proposed rule applying BSA/AML and OFAC sanctions-compliance obligations to Permitted Payment Stablecoin Issuers under the GENIUS Act — directly relevant given Wyoming's own public stablecoin issuance. Direct access to the proprietary Sentinel.gi risk-scoring feed for this jurisdiction was not available in this collection pass; the federal AML posture above is carried as the best-available payments-context substitute.", "findings": [ { "finding": null, "instrument_type": "federal guidance", "source": "sentinel.fincen.gov/resources/statutes-regulations/guidance/application-fincens-regulations-persons-administering", "source_url": null, "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "federal proposed rule", "source": "sentinel.fincen.gov/system/files/2026-04/PPSI-AMLCFT-NPRM.pdf", "source_url": null, "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "federal supervisory notice", "source": "sentinel.fincen.gov/system/files/2025-08/FinCEN-Notice-CVCKIOSK.pdf", "source_url": null, "source_tier": "1", "retrieved_at": null }, { "finding": null, "instrument_type": "secondary compliance analysis", "source": "sentinel.blog.amlbot.com/aml-crypto-regulations-compliance-guide-for-businesses/", "source_url": null, "source_tier": "3", "retrieved_at": null } ] }, { "code": "W12", "name": "Correspondent Banking, Settlement & Access", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-wyoming/#w12-correspondent-banking-settlement-access", "standing_position": "Correspondent-banking and settlement access is the single most consequential and contested payments issue for Wyoming's SPDI charter model. Custodia Bank's multi-year litigation to compel a Federal Reserve master account ended in defeat (Tenth Circuit en banc denial, March 2026), affirming that Reserve Banks retain discretion to deny master accounts even to legally-eligible state-chartered institutions. Yet days earlier, the Kansas City Fed granted Kraken Financial — also a Wyoming SPDI — a limited-purpose master account, the first direct Fed payment-rail access for a crypto-native firm, while the Federal Reserve Board separately develops a 'skinny' master-account policy framework expected to be finalised by end-2026. This bifurcated outcome (discretionary denial for Custodia; discretionary grant for Kraken) defines the current, unsettled state of correspondent/settlement access for Wyoming's digital-asset banking sector.", "findings": [ { "finding": null, "instrument_type": "primary regulator announcement", "source": "https://www.kansascityfed.org/newsroom/2026-news-releases/federal-reserve-bank-of-kansas-city-approves-limited-account/", "source_url": "https://www.ca10.uscourts.gov/sites/ca10/files/opinions/010111327582.pdf", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary press", "source": "https://www.coindesk.com/policy/2026/03/13/court-closes-custodia-fight-with-federal-reserve-just-as-fed-opens-master-account-door", "source_url": "https://www.ca10.uscourts.gov/sites/ca10/files/opinions/010111327582.pdf", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary legal analysis", "source": "https://www.davispolk.com/insights/client-update/district-courts-refuse-order-federal-reserve-grant-master-accounts-custodia", "source_url": "https://www.ca10.uscourts.gov/sites/ca10/files/opinions/010111327582.pdf", "source_tier": "2", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "court opinion", "source": "https://www.ca10.uscourts.gov/sites/ca10/files/opinions/010111327582.pdf", "source_url": "https://www.ca10.uscourts.gov/sites/ca10/files/opinions/010111327582.pdf", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "secondary legal analysis", "source": "https://www.sullcrom.com/insights/memo/2026/March/Federal-Reserve-Bank-Kansas-City-Approves-Limited-Purpose-Account-Kraken-Financial", "source_url": "https://www.ca10.uscourts.gov/sites/ca10/files/opinions/010111327582.pdf", "source_tier": "2", "retrieved_at": "2026-07-05" } ] }, { "code": "W13", "name": "Commercial Intelligence & Fintech", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-wyoming/#w13-commercial-intelligence-fintech", "standing_position": "Within the trailing 12 months (July 2025-July 2026), Wyoming's most significant commercial/product events are the public launch of the state-issued Frontier Stable Token (January 2026) and Kraken Financial's Federal Reserve master account approval (March 2026) — both infrastructure/product milestones rather than disclosed M&A or funding transactions. No material, dated M&A or private-funding-round events specific to a Wyoming-domiciled payments/fintech entity were identified within the window; the state's fintech long tail (per W6) consists largely of small private companies without disclosed recent financing.", "findings": [ { "finding": null, "instrument_type": "commercial_event: product launch", "source": "https://governor.wyo.gov/news-releases/wyoming-ushers-in-new-era-launches-first-of-its-kind-frontier-stable-token-for-public-purchase", "source_url": "https://governor.wyo.gov/news-releases/wyoming-ushers-in-new-era-launches-first-of-its-kind-frontier-stable-token-for-public-purchase", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "commercial_event: infrastructure/product milestone", "source": "https://www.kansascityfed.org/newsroom/2026-news-releases/federal-reserve-bank-of-kansas-city-approves-limited-account/", "source_url": "https://governor.wyo.gov/news-releases/wyoming-ushers-in-new-era-launches-first-of-its-kind-frontier-stable-token-for-public-purchase", "source_tier": "1", "retrieved_at": "2026-07-05" } ] } ] }