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Wisconsin Legislature: AB892: Bill Text
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AB892: Bill Text
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2025 - 2026 LEGISLATURE
LRB-5719/1
ARG:skw&wlj
2025 ASSEMBLY BILL 892
January 23, 2026 - Introduced by Representatives
Neylon
,
Gustafson
,
Tranel
,
Tusler
,
Wittke
and
Knodl
, cosponsored by Senator
Cabral-Guevara
. Referred to Committee on Science, Technology, and AI.
AB892,1,3
1
An Act
to create
551.102 (5g), 551.102 (17r), 551.102 (28) (i) and (j) and
2
551.102 (30m) and (30p) of the statutes;
relating to:
digital asset staking and
3
the state’s securities laws.
Analysis by the Legislative Reference Bureau
Under current law, a person may not offer or sell any security in this state unless the security is registered with the Department of Financial Institutions, the security or transaction is exempt from registration, or the security is a federal covered security.
This bill specifies that digital asset staking and “staking as a service” are not securities under the state’s securities laws. The bill defines a “digital asset” as any digital representation of value that is recorded on a cryptographically secured distributed ledger or other similar technology, including cryptocurrency. The bill defines “staking” as the act of committing or locking a digital asset to support the security and operations of a blockchain protocol that uses a proof-of-stake consensus mechanism by either operating a validator node or delegating the digital asset to a validator. The bill defines “staking as a service” as the provision of technical solutions by a third-party service provider to token owners to enable their participation in staking.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
AB892,1
1
Section
1
.
551.102 (5g) of the statutes is created to read:
AB892,2,4
2
551.102
(5g)
“Digital asset” means any digital representation of value that is
3
recorded on a cryptographically secured distributed ledger or other similar
4
technology.
AB892,2
5
Section
2
.
551.102 (17r) of the statutes is created to read:
AB892,2,8
6
551.102
(17r)
“Node” means software run on a computer that does any of the
7
following but that does not exercise discretion over transactions initiated by an end
8
user of a blockchain protocol:
AB892,2,10
9
(a) Communicates with other devices or participants on a blockchain to
10
maintain consensus and integrity of that blockchain.
AB892,2,11
11
(b) Creates and validates blocks of transactions.
AB892,2,12
12
(c) Contains and updates a copy of a blockchain.
AB892,3
13
Section
3
.
551.102 (28) (i) and (j) of the statutes are created to read:
AB892,2,14
14
551.102
(28)
(i) Does not include staking.
AB892,2,15
15
(j) Does not include staking as a service.
AB892,4
16
Section
4
.
551.102 (30m) and (30p) of the statutes are created to read:
AB892,2,20
17
551.102
(30m)
“Staking” means the act of committing or locking a digital
18
asset to support the security and operations of a blockchain protocol that uses a
19
proof-of-stake consensus mechanism by either operating a validator node or
20
delegating the digital asset to a validator.
AB892,3,3
21
(30p)
“Staking as a service” means the provision of technical solutions by a
22
3rd-party service provider, which may be in conjunction with custodial services, to
1
token owners to enable their participation in staking, including the operation of the
2
necessary staking software and validator node operations on behalf of a token
3
owner to enable the earning of rewards from a blockchain network.
AB892,3,4
4
(end)
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