Mark Gordon, the governor of the State of Wyoming, US recently ratified a bill preventing the forced disclosure of private keys from digital asset owners.

What was the need for this?

There is no clarity on the regulation of crypto in the US, due to which there are cases in which people are being forced to disclose their private keys by courts to search for transactions. Due to this, the privacy of access to digital assets is being breached. This increases the risk of hacking. The new law is meant to stop this.

Limit of the law

The new legislation does not exclude any possible misconduct. So, there is one situation in which this law does not apply: when a person is asked, during a court action, to reveal their cryptocurrency ownership or transfer proof.

Thoughts 

The new law will make the state of Wyoming more crypto-friendly in the US, as well as force other US states to think.