Kentucky Governor Andy Beshear has signed a bill securing digital asset user protections, including self-custody and non-discrimination.
Bill Signing and Rights Protection
Kentucky's Governor signed the Bitcoin Rights bill authored by Representative Adam Bowling. The bill passed both the House and Senate unanimously before being signed into law. It ensures digital asset users have the right to self-custody and protects them from discrimination in crypto mining operations.
Mining Exemptions and New Legislation
The law exempts crypto mining from money transmitter license requirements and prevents staking and mining activities from being classified as securities. Kentucky is considering another bill to potentially allocate up to 10% of its reserves into Bitcoin.
Pro-Bitcoin Legislation in Other States
Other US states like Montana and Oklahoma are advancing Bitcoin-related bills. Oklahoma is pushing two bills, one allowing salaries in Bitcoin and the other establishing a strategic reserve. Arizona is advancing two digital asset reserve bills, both cleared by the House Rules Committee.
The emergence of state-level laws highlights growing legislative interest in digital asset regulation across the US.
