Wisconsin lawmakers introduced Assembly Bill 471 (AB 471) on Monday. The bill seeks to exempt crypto activities from money transmitter licenses. It focuses on mining, staking, software development, and digital asset exchanges without legal-tender conversion. According to the Wisconsin Legislative Reference Bureau, the draft clarifies when a Department of Financial Institutions (DFI) license is not required. The text defines activities that remain outside money transmission. It draws a bright line at conversion to legal tender or bank deposits.