Adam Neylon, Wisconsin State Representative for 15th District | Facebook
Adam Neylon, Wisconsin State Representative for 15th District | Facebook
State Representative Adam Neylon (R-Pewaukee) has introduced new bipartisan legislation aimed at providing legal clarity and protections for individuals and businesses involved in cryptocurrency and blockchain technology. The proposed bill, named the Crypto Clarity and Innovation Act, seeks to define terms related to cryptocurrency and blockchain, protect the right to use digital assets, and encourage innovation by permitting development of blockchain-based software and participation in staking activities.
Neylon emphasized the importance of the legislation for Wisconsin’s economic future. “The Crypto Clarity and Innovation Act will keep people who hold crypto and use it as an investment or as part of their business model from leaving the state. This is an opportunity for Wisconsin to embrace the digital future and to position it alongside other states that are providing certainty to businesses and individuals who hold crypto,” Neylon said.
He further explained that allowing crypto owners to participate in staking would benefit both network security and potential earnings for Wisconsinites. “By allowing crypto owners to participate in staking, which is the process of locking up crypto currency to help validate transactions, we allow these companies to ensure their network is secure as well as to earn rewards, much like a stock dividend. Wisconsin is currently one of only 4 states that don’t allow this. Staking rewards are taxable income that Wisconsinites are losing out on, to the tune of millions of dollars each year. It’s time we address this outdated regulation.”
Neylon concluded by highlighting broader goals: “This bill fixes this problem but it’s about more than crypto: it’s about modernizing Wisconsin’s digital infrastructure and strengthening our economy. It also protects individual freedom. Without it, we risk falling behind in the $2+ trillion global crypto economy. Let’s keep Wisconsin competitive.”
Neylon was elected as a Republican representative for Wisconsin's 15th House district in 2025, succeeding Dave Maxey.
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