Assembly Bill 892 aims to clarify the status of digital asset staking and staking as a service under Wisconsin's securities laws. The bill introduces several definitions, including "digital asset," which refers to any digital representation of value recorded on a cryptographically secured distributed ledger, and "staking," defined as the act of committing a digital asset to support a blockchain protocol's security and operations. Additionally, "staking as a service" is defined as the provision of technical solutions by third-party service providers to facilitate token owners' participation in staking.

Importantly, the bill specifies that both digital asset staking and staking as a service are not considered securities under the state's securities laws, thereby exempting them from the registration requirements typically imposed on securities. This legislative change is intended to foster innovation in the digital asset space while providing clarity for participants in the blockchain ecosystem.