Wisconsin Bill Proposes Crypto License Exemptions

Wisconsin legislators have put forward Assembly Bill 471, a proposal that could reshape state-level crypto regulation. The bill seeks to exempt individuals and businesses from requiring money transmitter licenses when engaging in activities such as mining, staking, blockchain software development, and exchanging digital assets, as long as transactions do not involve converting to legal tender or bank deposits.

The measure is sponsored by seven Republican House members and two Republican Senators, and it has been referred to the Committee on Financial Institutions for review.

If enacted, the bill would eliminate a layer of licensing red tape that crypto participants currently face, potentially boosting blockchain activity in the state.

Supporters argue that the legislation addresses regulatory ambiguity at the state level, providing clarity for businesses and individuals.

While federal rules remain unclear, Wisconsin’s move reflects a growing trend of state governments stepping in to create more accommodating environments for digital asset innovation and adoption.

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