Chapter 6

Management of Other Digital Assets

Section 1.                Authority. These rules are adopted to implement the Commission's authority granted by W.S. 40-31-105(b)-(c).

Section 2.                Transaction Fee Management (Gas Fees).

(a)              The Director or Commission Staff shall create a policy regarding the payment of Gas Fees for stable token transactions.

Section 3.                Unsolicited Assets.

(a)              In the event that the Commission receives Unsolicited Assets, the Commission Staff shall:

(i)                Segregate all Unsolicited Assets and hold them in a designated wallet controlled by the Commission;

(ii)              Not return any Unsolicited Assets unless:

(A)            Directed by a Final Lawful Legal Directive; or

(B)             If the digital wallet from which the Unsolicited Asset(s) was sent is associated with a Licensed Service Provider with whom the Commission has an existing business relationship with, and there is no indication of illicit activity associated with those funds; and

(iii)           In the event the digital wallet from which the Unsolicited Asset was sent is attributed with illicit or illegal activity, the Commission shall coordinate with the appropriate law enforcement agency for instructions on the appropriate treatment and disposition of digital assets or cryptocurrency received.

(b)              The Commission Staff shall develop a policy to address the management and control of Unsolicited Asset consistent with Section 3(a).

(c)              Absent a Final Lawful Legal Directive, the Commission or Commission Staff shall not be responsible for the Burn and re-Issuance of WYST to a Licensed Service Provider or Token Holder who has sent WYST to a digital wallet other than the intended recipient.