Senate Bill 885
Digital asset staking and the state’s securities laws
Topics: Data processing, Financial institution, Securities: Regulation
Stopped before the full Senate voted
The recommended passing it, but the full Senate never voted on it. The last day for votes this session was Mar 19, 2026. To try again, a lawmaker would have to start a new bill.
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Introduced, passed
Jan 27, 2026
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Committee, passed
Approved
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Senate vote, stopped here
Stopped here. The full Senate never voted on it.
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Assembly vote, not reached
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Governor, not reached
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Law, not reached
Latest entry in the official record, Mar 23, 2026: “Failed to pass pursuant to ”
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The same bill was also filed in the Assembly as AB 892. That version died when the session ended.
Terms on this page
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
Senate Joint Resolution 1
The session's calendar. Any bill not passed by its last voting day dies.
Official term: Failed to pass pursuant to SJR 1. More in the glossary
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis. More in the glossary
Author
A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.
Official term: Author, coauthor. More in the glossary
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor. More in the glossary
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote. More in the glossary
What it would have done
Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.
Under current law, a person may not offer or sell any security in this state unless the security is registered with the Department of Financial Institutions, the security or transaction is exempt from registration, or the security is a federal covered security.
This bill specifies that digital asset staking and “staking as a service” are not securities under the state’s securities laws. The bill defines a “digital asset” as any digital representation of value that is recorded on a cryptographically secured distributed ledger or other similar technology, including cryptocurrency. The bill defines “staking” as the act of committing or locking a digital asset to support the security and operations of a blockchain protocol that uses a proof-of-stake consensus mechanism by either operating a validator node or delegating the digital asset to a validator. The bill defines “staking as a service” as the provision of technical solutions by a third-party service provider to token owners to enable their participation in staking.
Who's behind it
Rachael Cabral-Guevara, a Republican, is its .
7 more lawmakers .
See all 8 names Hide the names
Author (1)
- Rachael Cabral-Guevara · Republican, Senate
Signed on in support (7)
- Gus Gustafson · Republican, Assembly
- Dan Knodl · Republican, Assembly
- Adam Neylon · Republican, Assembly
- Sylvia Ortiz-Velez · Democrat, Assembly
- Travis Tranel · Republican, Assembly
- Ron Tusler · Republican, Assembly
- Bob Wittke · Republican, Assembly
How lawmakers voted
There was one vote on this bill.
Senate Committee on Utilities vote to recommend it
Passed, 3 to 2 · Mar 13, 2026
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Report passage recommended by Committee on Utilities, Technology and Tourism, Ayes 3, Noes 2”. Official record · This vote on its own page
What happened
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Mar 23, 2026
The session ended, and the bill died with it.
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Mar 13, 2026
The committee voted to recommend passing it, 3 to 2.
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Feb 25, 2026
The committee held a public hearing.
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Feb 10, 2026
1 more representative signed on in support.
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Jan 27, 2026
Sent to the Senate Committee on Utilities, Technology and Tourism.
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Jan 27, 2026
Introduced in the Senate.
See the official record, word for word Hide the official record
- Jan 27, 2026 · Senate
Introduced by Senator Cabral-Guevara; cosponsored by Representatives Neylon, Gustafson, Knodl, Tranel, Tusler and Wittke
- Jan 27, 2026 · Senate
Read first time and referred to Committee on Utilities, Technology and Tourism
- Feb 10, 2026 · Senate
Representative Ortiz-Velez added as a cosponsor
- Feb 25, 2026 · Senate
Public hearing held
- Mar 13, 2026 · Senate
Executive action taken
- Mar 13, 2026 · Senate
Report passage recommended by Committee on Utilities, Technology and Tourism, Ayes 3, Noes 2
- Mar 13, 2026 · Senate
Available for scheduling
- Mar 23, 2026 · Senate
Failed to pass pursuant to Senate Joint Resolution 1
Terms on this page
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
Senate Joint Resolution 1
The session's calendar. Any bill not passed by its last voting day dies.
Official term: Failed to pass pursuant to SJR 1. More in the glossary
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis. More in the glossary
Author
A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.
Official term: Author, coauthor. More in the glossary
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor. More in the glossary
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote. More in the glossary
From the Wisconsin Legislature's official record, checked Sep 15, 2026. See the source
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
Senate Joint Resolution 1
The session's calendar. Any bill not passed by its last voting day dies.
Official term: Failed to pass pursuant to SJR 1
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote