WI AB471

State agencies and local governments (cities, villages, towns, counties) are prohibited from restricting individuals from accepting digital assets as payment for legal goods and services or from storing digital assets in self-hosted or hardware wallets

Individuals in Wisconsin are explicitly permitted to operate blockchain nodes, develop blockchain software, transfer digital assets via blockchain protocols, and participate in staking activities

Money transmitter licensing requirements are exempted for persons operating blockchain nodes, exchanging digital assets for other digital assets (not legal tender), developing blockchain software, or engaging in digital asset mining or staking

Securities registration requirements are exempted for third-party service providers offering technical staking solutions that enable token owners to earn network rewards, excluding services generating returns beyond network-paid rewards

Creates statutory definitions for key terms including "blockchain," "digital asset," "node," "staking," "self-hosted wallet," and "hardware wallet" under new section 138.015 of Wisconsin statutes