Pillar 02 · Trust
Consumer Protection
Guardrails are how new financial technology earns the right to operate. We support them, including on our own members.
Where this stands
Kiosk regulation passed. That is the pattern.
Wisconsin now regulates virtual currency kiosks — signed law, from the same sessions in which several industry-favourable bills failed. It is worth being honest about why. Bills that add a consumer guardrail move. Bills that ask the Legislature to trust the sector do not, at least not yet.
An industry group that only shows up to oppose consumer protection spends its credibility on the first fight and has none left for the second. We would rather help write the guardrail than lose the argument about whether there should be one.
Our position
Disclosure, redemption, and fair dealing — with teeth.
Three standards we will support wherever they appear: plain disclosure of fees and spreads before a transaction rather than after it; a clear redemption right for anything presented to the public as redeemable, including a state digital dollar; and fair-dealing rules that apply to the conduct rather than to the label a product gives itself.
The redemption point matters for our own flagship. A Wisconsin digital dollar that is not redeemable on demand at the federal reserve standard is not a digital dollar — and we would rather that be written into the statute than left to a marketing team.
Bill numbers, votes and committee composition are drawn from the Wisconsin Legislature and Legislative Council records; lobbying registrations from Wisconsin Ethics Commission filings. See the legislative tracker for live bill status, or the full agenda for how this fits the two pillars.