- •AB471 shields crypto users from state regulation
- •Exempts mining, staking, nodes & software from licenses
- •Supports self-custody without money transmitter license
What the Bill Covers
AB471 explicitly exempts individuals and businesses from needing a money transmitter license if they are:
- •Self-custodying digital assets (holding your own crypto)
- •Running blockchain nodes
- •Mining or staking crypto
- •Developing blockchain software
These activities are core to the decentralization ethos of cryptocurrency, and the bill acknowledges that these do not involve third-party control over customer funds — which is usually what money transmitter laws aim to regulate.
This exemption means that people and companies engaging in these activities can operate without fear of being penalized for not holding a license that was never designed with decentralized finance in mind.
TODAY: Wisconsin introduces 'Bitcoin Rights' bill AB471 protecting crypto activities from state regulation.
— Cointelegraph (@Cointelegraph) September 30, 2025
It exempts individuals and businesses from money transmitter licensing for self-custody, running nodes, mining, staking, and developing blockchain software. pic.twitter.com/MJscrxMkyW
Implications for Crypto Innovation
If passed, AB471 could encourage a wave of crypto innovation and investment in Wisconsin. Entrepreneurs, developers, and miners will have more freedom to build without navigating costly and outdated compliance structures.
The bill is also part of a broader trend among U.S. states to redefine financial regulations in the age of Web3. By protecting “Bitcoin rights,” Wisconsin is joining states like Texas and Wyoming in fostering a regulatory environment that supports blockchain development.
Whether you’re a solo miner or a tech startup building on Ethereum, this legislation could provide a safer, more predictable space to grow your ideas — without interference from state-level regulators.