[1][2][3] Unlike a traditional chancery court, which is a court of equity, Wyoming's new chancery court was given jurisdiction over purely monetary disputes (with more than $50,000 at issue) as well as actions in equity, with a limited subject matter jurisdiction focusing on disputes of a business and commercial nature.
[4][5] One early stated goal for the Chancery court involves Wyoming seeing itself in a unique role involving cryptocurrency and blockchain technology:[6][7] "Coupled with Wyoming’s innovative legal framework for digital assets and blockchain technologies, the Chancery court should attract blockchain businesses and cryptocurrency companies to the state.
[4] The Chancery court does not have jury trials, and is to employ alternative dispute resolution (including early mediation), limited motion practice, and carefully monitored and tailored discovery in making sure cases are handled expeditiously and effectively.
[1] Chancery court judges receive the same salaries as district court judges, and will be similarly chosen on a merit-based system, though they must be knowledgeable in commercial law.
[15][16] It is the first state trial court in Wyoming to use electronic filing.