It’s now as much as the governor of Wyoming to place the ultimate stamp of approval on the landmark invoice.
The U.S. state of Wyoming has handed a invoice that protects its residents from having to reveal their non-public keys, with a singular exception. Having now been authorized by the state Senate and Home of Representatives, it now merely must be signed by the Governor with a purpose to take impact.
The invoice states that, “No individual shall be compelled to provide a personal key or make a personal key identified to some other individual in any civil, legal, administrative, legislative or different continuing on this state that pertains to a digital asset, digital identification or different curiosity or proper to which the non-public key offers entry except a public secret’s unavailable or unable to reveal the requisite data with respect to the digital asset, digital identification or different curiosity or proper.”
It doesn’t specify that it could be just for Bitcoin keys, so it could additionally apply the identical to non-public keys utilized as decentralized identities, or some other use instances. Wyoming has been the focus with regard to Bitcoin adoption within the U.S. for a while, partially due to Senator Cynthia Lummis’ ardent help of Bitcoin and push for regulation throughout the nation.
Christopher Allen, web cryptography pioneer and govt director of Blockchain Commons who beforehand wrote for Bitcoin Journal regarding the significance of defending non-public key sovereignty, described why Wyoming has been a groundbreaking state for any such legislature.
“[Wyoming] has an extended custom of ‘good fences make for good neighbors’… and as a small state it has a real ‘citizen’ legislature.… they resonate effectively with the idea of “Self-Sovereignty” in bitcoin and digital identification,” Allen instructed Bitcoin Journal.
If authorized by the governor, the invoice would take impact on July 1, 2023.