WI SB885

Digital asset staking and "staking as a service" are explicitly excluded from the definition of "security" under Wisconsin securities law, meaning they do not require registration with the Department of Financial Institutions

"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, either by operating a validator node or delegating to a validator

"Staking as a service" is defined as third-party providers offering technical solutions to token owners for staking participation, including operating staking software and validator nodes to enable earning blockchain network rewards

Amends Wisconsin Statutes Chapter 551.102 by creating new statutory definitions and exclusions under the state's Uniform Securities Act