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WI AB892

WI AB892
Digital asset staking and the state’s securities laws.


summary

Introduced
01/23/2026
In Committee
02/11/2026
Crossed Over
02/19/2026
Passed
Dead

Introduced Session

2025-2026 Regular Session

Bill Summary

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.

AI Summary

This bill clarifies that digital asset staking and "staking as a service" are not considered securities under the state's existing securities laws, which generally require securities to be registered with the Department of Financial Institutions unless an exemption applies. The bill defines a "digital asset" as any digital representation of value recorded on a distributed ledger technology like cryptocurrency. "Staking" is defined as locking up digital assets to support a blockchain's security and operations, either by running a validator node or by delegating assets to a validator. "Staking as a service" refers to third-party providers offering technical solutions, potentially including custodial services, to help token owners participate in staking and earn rewards. This change aims to provide clarity and potentially encourage participation in these digital asset activities within the state.

Committee Categories

Business and Industry

Sponsors (7)

Last Action

Received from Assembly (on 02/23/2026)

bill text


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