Does Wyoming tax crypto?

Wyoming does not tax crypto at the state level for individuals. The state says it has neither an individual nor a corporate income tax, so selling bitcoin at a gain or earning staking rewards does not create a Wyoming income tax bill. Federal tax is a separate matter and applies the same way in every state, as explained in how crypto is taxed in the US.

Does Wyoming have no income tax on crypto?

Correct. With no personal income tax, Wyoming residents do not file a state income tax return, so crypto gains and income have nowhere to land at the state level. That covers short-term and long-term gains, crypto received as pay, and rewards from mining or staking.

Federal rules still treat crypto as property. Selling it, swapping it for another coin or spending it can create a capital gain, and crypto received from mining, staking or as payment counts as income. Moving to Wyoming does not change what you owe on gains realized while living in a state that taxes them. The wider state picture is in do states tax crypto.

Is crypto subject to property tax in Wyoming?

No. A 2018 act, SF0111, exempts virtual currencies from property taxation and took effect immediately. It defines virtual currency as a digital representation of value used for exchange, accounting or storing value that is not legal tender. Bloomberg Tax's state survey has said Wyoming has not addressed how sales tax applies to crypto transactions themselves.

How does a Wyoming LLC affect crypto tax?

Wyoming does not tax the LLC's income, but it does charge an annual report license tax. The Secretary of State says it is $60 or two-tenths of a mill on each dollar of assets located and employed in Wyoming, whichever is greater. An LLC with $300,000 or less in such assets pays $60.

Federal treatment depends on the LLC's tax classification, not on Wyoming law. The basics are covered in can you hold crypto in an LLC. Wyoming also lets an LLC register as a DAO. The DAO must include DAO or LAO in its name, list a public identifier for any smart contract that runs it, and keep a Wyoming registered agent, with an initial filing fee of $100. See what is a DAO.

What are Wyoming's digital asset laws?

Wyoming has passed more crypto laws than most states. SF0125, signed February 26, 2019, says digital assets are property under the Uniform Commercial Code and lets banks opt in to digital asset custody. In August 2025, the Wyoming Stable Token Commission launched the Frontier Stable Token (FRNT), which the state called the first stable token issued by a US public entity. It is backed by dollars and short-term Treasuries held in trust, with 2% overcollateralization required by state law, and launched on seven blockchains.

Rules differ by state and change often. Check the tax authority or a qualified professional for your own situation.