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

SB 885 clarifies that digital asset staking and staking-as-a-service are excluded from the state's securities laws. It defines "staking" as locking digital assets to support blockchain security (e.g., via validator nodes) and "staking as a service" as third-party technical support for stakers. The bill directly affects blockchain participants, staking providers, and custodians by removing regulatory burdens under securities rules. This creates a clear regulatory boundary, ensuring staking activities are not treated as investment products under existing state law.