The Kentucky State Senate in the United States unanimously passed a bill to protect the rights of self-custody of Bitcoin and digital asset mining

2025-03-15 09:02:04
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ChainCatcher news, according to Bitcoin Magazine, the Kentucky State Senate passed a bill protecting the rights of Bitcoin self-custody and digital asset mining with a unanimous vote of 37-0. The bill, titled "An Act Relating to Blockchain Digital Assets" (HB 701), has now been sent to the governor's office for final approval.

The bill was introduced by Adam Bowling and T.J. Roberts, confirming individuals' rights to self-custody digital assets through self-custody wallets. Additionally, the bill prevents discriminatory local zoning laws against digital asset mining businesses, ensuring that Bitcoin miners can operate freely within the state.

Key provisions of the bill include: protection of Bitcoin self-custody rights; prohibition of discriminatory zoning laws; exemption of home Bitcoin miners and digital asset mining businesses from money transmission licensing requirements; and a clear statement that digital asset mining and staking services do not fall under securities laws in Kentucky.

The bill previously passed the Kentucky House of Representatives on February 28, 2025, with a vote of 91-0. If signed by the governor, Kentucky will become one of the more Bitcoin-friendly states in the U.S.

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