Kentucky Senate Passes Bill Protecting Bitcoin Self-Custody Rights

Yesterday evening, the Senate in Kentucky unanimously passed a bill aimed at protecting the rights of Bitcoin Hamas and digital asset mining operations. With a decisive vote 37-0, legislation, entitled ” A verb related to Blockchain digital assets (HB 701), now moves to the ruler's office for final approval.

Under the patronage of actors Adam Pauling and TJ Roberts, the draft law confirms the right of individuals to the self -assets of the self through the self -hosted portfolios. In addition, it prevents the laws of dividing local areas from discrimination against digital asset mining companies, ensuring that bitcoin miners can work freely within the state.

The draft law defines many major provisions, including:

• Bitcoin protection for self -reinforcementIndividuals have the legal right to use and store digital assets in self -hosted portfolios.
• Prohibition of laws division of discriminatory areas: Local governments cannot impose changes in the division of areas that are not fairly targeting the work of mining digital assets.
• Exemptions from a money -in -law licenseHome Bitcoin miners and digital asset mining companies are exempted from the requirements of the money sender in Kentucky.
• Clarify the laws of securitiesDigital assets mining and deception are not explicitly classified as securities under Kentucky.

After passing through Kentucky's house with a 91-0 Voting on February 28, 2025, the draft law moved quickly through the Senate. The March 13 vote witnessed full support from the two parties, with 37 Senate members vote for Saleh, Zero opposition, and one does not vote.

Legislation is now awaiting the signing of the ruler, which will perpetuate the protection of the self -needs of bitcoin and the rights of digital assets in Kentucky. If it is signed, Kentucky will become one of the most bitcoin friendly states in the country, putting a precedent for receiving other countries.