Bitcoin Magazine
Kentucky Senate Passes Bill Protecting Bitcoin Self-Custody Rights
On the night of March 13, 2025, the Kentucky Senate accomplished a unanimous choice by passing a costs created to secure Bitcoin self-custody rights and secure digital possession mining operations. With a definitive vote of 37-0, the legislation, officially referred to as AN ACT connecting to blockchain digital properties (HB 701), has actually advanced to the Governor’s desk for last recommendation.
NEW:
Kentucky Senate passes expense that will secure Bitcoin self custody rights with 0 votes versus it.
The expense now heads to the Governors desk. pic.twitter.com/HPciWIgpZO
— Bitcoin Magazine (@BitcoinMagazine) March 14, 2025
This expense, promoted by Representatives Adam Bowling and T.J. Roberts, unquestionably verifies the right of people to preserve their digital properties through self-hosted wallets. In addition, it forbids regional zoning laws from unjustly targeting digital possession mining services, thus enabling Bitcoin miners to run without excessive limitations within the state.
The legislation marks a number of crucial arrangements, consisting of:
- Protection for Bitcoin self-custody: Individuals are approved the legal right to make use of and keep digital properties within self-hosted wallets.
- Prohibition of inequitable zoning laws: Local federal governments are disallowed from executing zoning modifications that disproportionately impact digital possession mining business.
- Exemptions from cash transmitter licensing: Residential Bitcoin miners and digital possession mining services are exempt from Kentucky’s cash transmitter licensing requirements.
- Clarification of securities laws: Activities such as digital possession mining and staking as a service are clearly not categorized as securities under Kentucky law.
@Rawlings4Ky is bring HB 701 which secures using digital properties and self-hosted wallets, avoids regional zoning discrimination versus digital possession mining services, and develops standards for blockchain node operations. It guards node operators and staking… pic.twitter.com/1crnd8mqQS
— KY Senate Majority (@KYSenateGOP) March 13, 2025
Following its passage in the Kentucky House with a unanimous vote of 91-0 on February 28, 2025, the expense advanced quickly through the Senate. The March 13 vote showcased strong bipartisan assistance, leading to 37 senators enacting favor, none opposed, and one abstention.
Once signed by the Governor, the legislation will preserve defenses for Bitcoin self-custody and rights for digital possession mining within Kentucky’s legal structure. This relocation positions Kentucky as a possibly prominent jurisdiction in the U.S. for Bitcoin advocacy, developing a standard for other states to replicate.
This short article, entitled “Kentucky Senate Passes Bill Protecting Bitcoin Self-Custody Rights,” was initially released by Bitcoin Magazine and authored by Nik.
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