Relating to: digital asset staking and the state’s securities laws.

AB 892 defines key terms related to digital assets and staking to clarify that these activities are not subject to the state's securities laws. The bill creates specific definitions for "digital asset," "node," "staking" (locking assets to support blockchain security), and "staking as a service" (third-party platforms enabling staking). Crucially, it explicitly states that staking and staking services "do not include" activities covered by securities regulations. This bill directly affects digital asset users, validators, and third-party staking service providers by removing regulatory uncertainty around these activities under current securities law. The bill focuses solely on definitional clarity, not on changing existing securities enforcement.