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    Home»Bitcoin»Kentucky Senate Passes Invoice Defending Bitcoin Self-Custody Rights
    Kentucky Senate Passes Invoice Defending Bitcoin Self-Custody Rights
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    Kentucky Senate Passes Invoice Defending Bitcoin Self-Custody Rights

    By Crypto EditorMarch 14, 2025No Comments2 Mins Read
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    Yesterday night, the Kentucky Senate unanimously handed a invoice aimed toward defending Bitcoin self-custody rights and digital asset mining operations. With a decisive 37-0 vote, the laws, titled AN ACT regarding blockchain digital property (HB 701), now strikes to the Governor’s desk for remaining approval.

    NEW: 🇺🇸 Kentucky Senate passes invoice that can defend Bitcoin self custody rights with 0 votes towards it.

    The invoice now heads to the Governors desk. pic.twitter.com/HPciWIgpZO

    — Bitcoin Journal (@BitcoinMagazine) March 14, 2025

    Sponsored by Representatives Adam Bowling and T.J. Roberts, the invoice affirms the fitting of people to self-custody digital property by self-hosted wallets. Moreover, it prevents native zoning legal guidelines from discriminating towards digital asset mining companies, making certain that Bitcoin miners can function freely inside the state.

    The invoice outlines a number of key provisions, together with:

    • Safety for Bitcoin self-custody: People have the authorized proper to make use of and retailer digital property in self-hosted wallets.
    • Prohibition of discriminatory zoning legal guidelines: Native governments can not impose zoning adjustments that unfairly goal digital asset mining companies.
    • Exemptions from cash transmitter licensing: Residence Bitcoin miners and digital asset mining companies are exempt from Kentucky’s cash transmitter necessities.
    • Clarification of securities legal guidelines: Digital asset mining and staking as a service are explicitly not categorised as securities beneath Kentucky regulation.

    @Rawlings4Ky is carrying HB 701 which protects the usage of digital property and self-hosted wallets, prevents native zoning discrimination towards digital asset mining companies, and establishes pointers for blockchain node operations. It shields node operators and staking… pic.twitter.com/1crnd8mqQS

    — KY Senate Majority (@KYSenateGOP) March 13, 2025

    After passing by the Kentucky Home with a 91-0 vote on February 28, 2025, the invoice moved swiftly by the Senate. The March 13 vote noticed full bipartisan assist, with 37 senators voting in favor, zero opposed, and one not voting.

    The laws now awaits the Governor’s signature, which might formally enshrine Bitcoin self-custody protections and digital asset mining rights into Kentucky regulation. If signed, Kentucky will develop into one of many extra Bitcoin-friendly states within the nation, setting a precedent for different states to observe.





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