WI AB892

Digital asset staking and "staking as a service" are explicitly excluded from the definition of "security" under Wisconsin's securities laws, eliminating registration requirements with the Department of Financial Institutions for these activities.

"Digital asset" is defined as any digital representation of value recorded on a cryptographically secured distributed ledger or similar technology, including cryptocurrency.

"Staking" is defined as committing or locking a digital asset to support blockchain security and operations using proof-of-stake consensus mechanisms, either by operating a validator node or delegating assets to a validator.

"Staking as a service" is defined as third-party providers offering technical solutions, potentially including custodial services, to enable token owners to participate in staking and earn blockchain network rewards.

"Node" is defined as software that maintains blockchain consensus, creates/validates transaction blocks, or updates blockchain copies, but does not exercise discretion over end-user transactions.