According to COINOTAG News on September 30, citing Bitcoin_Laws, the state of Wisconsin has introduced the “Bitcoin Rights” initiative through bill AB471, which seeks to exempt individuals and businesses from the requirement to obtain a money transmission license for activities such as accepting payments, using self-hosted wallets, running nodes, developing software and staking.
If enacted, AB471 would materially reduce the compliance burden for non-custodial service providers and technical contributors by clarifying which crypto activities fall outside existing money-transmission frameworks, potentially affecting how firms structure custody, payments and operational risk controls.
The proposal remains subject to the legislative process and possible amendment; market participants and compliance teams should monitor bill text and committee actions to assess the practical implications for state-level crypto regulation and licensing strategy.