NEWSLETTER
Yesterday night, Kentucky Senate unanimously approved a bill aimed at protecting bitcoin's rights and digital asset mining operations. With a decisive vote of 37-0, the legislation, entitled An act related to Blockchain digital assets (HB 701), now moves to the governor's desk for final approval.
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Sponsored by representatives Adam Bowling and TJ Roberts, the bill affirms the right of individuals to autustody digital assets through autosted wallets. In addition, it prevents local zoning laws from discriminating to digital asset mining companies, ensuring that bitcoin miners can operate freely within the State.
The bill describes several key provisions, which include:
- Protection for bitcoin AutoCustody: People have the legal right to use and store digital assets in autosted wallets.
- Prohibition of discriminatory zoning laws: Local governments cannot impose zoning changes that are unjustly addressed to digital asset mining companies.
- Exemptions of money transmitter licenses: bitcoin miners at home and digital asset mining companies are exempt from Kentucky money transmitter requirements.
- Clarification of Securities Laws: Mining and digital rethinking of assets as a service are not explicitly classified as values under Kentucky's law.
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After passing through Kentucky's house with a 91-0 Vote on February 28, 2025, the bill quickly moved to the Senate. The vote of March 13 saw full bipartisan support, with 37 senators voting in favor, zero opposite and one not voting.
The legislation now expects the signing of the governor, which would officially consecrate the protections of bitcoin Autocustody and the mining rights of digital assets in Kentucky's law. If it is signed, Kentucky will become one of the most friendly states with bitcoin in the country, establishing a precedent for other states to follow them.
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