Wyoming Passes Bill to Protect Private Keys

The cryptocurrency friendly Wyoming passes law to protect citizens from being compelled to provide private keys whether for cryptocurrency wallets, digital IDs or privately secured data. Once they have your private key they have access to whatever it secured unless you also used a passphrase to encrypt it further. Of course they could also compel you to provide the passphrase along with the private key. So this would protect you from having to reveal your private keys, but still be compelled to provide other information relating to what it secures given probably cause. Consequently, this law goes into effect on July 1, 2023 and is a big deal for modern cryptography and the way it is used as everything is going digital including money..

(a)  No person shall be compelled to produce a private key or make a private key known to any other person in any civil, criminal, administrative, legislative or other proceeding in this state that relates to a digital asset, digital identity or other interest or right to which the private key provides access unless a public key is unavailable or unable to disclose the requisite information with respect to the digital asset, digital identity or other interest or right.

https://wyoleg.gov/Legislation/2023/HB0086