Wisconsin lawmakers have introduced a proposal that could reshape how cryptocurrency businesses are treated under state law. The measure, Assembly Bill 471, aims to exempt a wide range of digital asset activities from money transmitter licensing requirements.

The proposal has been referred to the Committee on Financial Institutions and is backed by several Republican legislators.

Bill Targets Mining, Staking And Wallet Use

Based on reports, the Wisconsin Legislative Reference Bureau outlines clear exemptions for crypto-related work that usually falls into regulatory gray zones.

Mining, staking, and operating blockchain nodes are among the activities that would not require a money transmitter license. Developers creating blockchain software or tools are also included in the exemptions

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