Kentucky Governor Andy Bishr has signed a procedure known as the Bitcoin Rights Bill in the law, to devote protection for encryption users, with two bitcoin reserve legislation in the United States.
Crypto Advocacy Fund Satoshi collection He said In a statement of March 24 to X that the draft law of home 701 protects “the right to self -friction, knot management, and the use of digital assets” without “fear of discrimination”.
He presented for the first time to Kentucky's house by Representative Adam Pauling on February 19, HB701's a description She says she protects the right to use digital assets and portfolios of self -needs and prohibits local changes in dividing areas that are distinguished against encryption mining.
source: Satoshi's work fund
At the same time, the legislation provides guidelines for the operation of the encryption knot, and the encryption mining excludes from the requirements of the money -proceeding license, and determines that mining and deception are not considered to be provided or selling security.
The draft law approved the Kentucky Representatives Council on February 28, when all actors arrived 91 in favor, and ordered the Senate on March 13, with all Senate members voted 37 in favor. Then he was signed to become a law under Beshear on March 24.
The legislation reflects a similar legislation signed in the law by the Governor of Oklahoma Kevin State in May 2024.
Bitcoin Rights Bill in Kentucky devotes protection for state encryption users. source: Kentucky General Association
Kentucky also submitted a bill to create Bitcoin reserves, allowing the Government Investment Committee to allocate up to 10 % of the excess state reserves in digital assets, including Bitcoin (BTC); The bill is still under review.
Other bitcoin bills are offered forward
Meanwhile, Oklahoma's Bill Bill 1203 (HB 1203), known as the Bitcoin Strategic Reserve Law, approved the Government House of Representatives from 77 to 15, According to To the Da`wah encryption group, Oklahoma Bitcoin Association.
The draft law was presented to the House of Representatives in Oklahoma on January 15 by the representative of the state, Kodi Mainard, and the Government Supervisory Committee approved a 12-2 vote on February 25.
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It must now pass through the Senate before the Oklahoma governor can veto the law or sign the bill. Senator in Oklahoma Dasta Davir also submitted legislation on January 8 that would allow residents of the state to receive salaries in Bitcoin.
Bitcoin Tracker Group Laws Bitcoin Legislation He said In a publication on March 24, Oklahoma has now moved to second place with Texas in the government bitcoin reserve race.
Oklahoma has now moved to second place in the Bitcoin government reserve race. source: Bitcoin laws
Arizona is still in the foreground after two bills of strategic digital assets reserves have cleared the Arizona House Rules Committee on March 24 and went to the House of Representatives Hall for full vote.
Bitcoin's laws speculated that, as Republicans dominate the Senate in Oklahoma and the Republican Governor, the draft law “has a good opportunity to move to the law.”
The Special Committee of Missouri on International Governmental Affairs is also working in evaluating the state's bitcoin baccalaureate bill, According to Bitcoin laws.
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