Kentucky Governor Andy Beshear has officially signed the “Bitcoin Rights” bill into law, a move that solidifies protections for cryptocurrency users within the state.
Kentucky Governor Andy Beshear has officially signed the “Bitcoin Rights” bill into law, a move that solidifies protections for cryptocurrency users within the state. House Bill 701, which was introduced by Rep. Adam Bowling on Feb. 19, aims to ensure the right to self-custody of digital assets and to run a crypto node without fear of local discrimination.
The legislation, which garnered unanimous support in both the Kentucky House and Senate, prohibits any local zoning changes that could negatively affect crypto mining operations. Additionally, it outlines guidelines for operating a crypto node, exempts crypto mining from money transmitter licensing requirements, and clarifies that mining and staking are not considered securities offerings.
Simultaneously, Oklahoma’s Strategic Bitcoin Reserve Act has advanced in the state legislature, passing the House of Representatives with a vote of 77 to 15. Introduced by Rep. Cody Maynard on Jan. 15, this bill is now pending approval from the Senate. If enacted, it would establish a reserve for Bitcoin, allowing the state to allocate up to 10% of its excess reserves into digital assets.
In Arizona, two strategic digital asset reserve bills have cleared the House Rules Committee and are set for a full vote, positioning the state as a leader in Bitcoin reserve legislation. Missouri is also evaluating a similar Bitcoin reserve bill through its Special Committee on Intergovernmental Affairs.
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