Special purpose depository institutions.

Wyoming's HB 74 creates a new type of bank called a "special purpose depository bank" designed to serve blockchain and digital asset businesses. These banks must be corporations organized under Wyoming law, can only accept deposits from business entities (not individuals), and require a $5,000 minimum deposit per account. The bill prohibits these banks from making traditional loans (except for specific debt purchases) and mandates they maintain headquarters in Wyoming while complying with federal anti-money laundering and customer identification rules. This structure aims to provide banking services to blockchain innovators who face difficulties obtaining traditional banking due to regulatory complexity.