{"id":92240,"date":"2025-03-16T04:10:55","date_gmt":"2025-03-16T04:10:55","guid":{"rendered":"https:\/\/neclink.com\/index.php\/2025\/03\/16\/kentucky-senate-passes-bill-protecting-bitcoin-self-custody-rights\/"},"modified":"2025-03-16T04:10:55","modified_gmt":"2025-03-16T04:10:55","slug":"kentucky-senate-passes-bill-protecting-bitcoin-self-custody-rights","status":"publish","type":"post","link":"https:\/\/neclink.com\/index.php\/2025\/03\/16\/kentucky-senate-passes-bill-protecting-bitcoin-self-custody-rights\/","title":{"rendered":"Kentucky Senate Passes Bill Protecting Bitcoin Self-Custody Rights"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-td-block-uid=\"tdi_61\">\n<div class=\"tdb-block-inner td-fix-index\">\n<p>Yesterday evening, the Kentucky Senate unanimously passed a bill aimed at protecting Bitcoin self-custody rights and digital asset mining operations. With a decisive 37-0 vote, the legislation, titled <strong>AN ACT relating to blockchain digital assets <\/strong>(HB 701), now moves to the Governor\u2019s desk for final approval.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">NEW: \ud83c\uddfa\ud83c\uddf8 Kentucky Senate passes bill that will protect Bitcoin self custody rights with 0 votes against it.<\/p>\n<p>The bill now heads to the Governors desk. <a href=\"https:\/\/t.co\/HPciWIgpZO\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/HPciWIgpZO<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1900590822917116233?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">March 14, 2025<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n<p>Sponsored by Representatives Adam Bowling and T.J. Roberts, the bill affirms the right of individuals to <a href=\"https:\/\/bitcoinmagazine.com\/guides\/how-to-use-store-bitcoin-safely\" data-type=\"link\" data-id=\"https:\/\/bitcoinmagazine.com\/guides\/how-to-use-store-bitcoin-safely\">self-custody<\/a> digital assets through self-hosted wallets. Additionally, it prevents local zoning laws from discriminating against digital asset <a href=\"https:\/\/bitcoinmagazine.com\/guides\/bitcoin-mining\" data-type=\"link\" data-id=\"https:\/\/bitcoinmagazine.com\/guides\/bitcoin-mining\">mining<\/a> businesses, ensuring that Bitcoin miners can operate freely within the state.<\/p>\n<p>The bill outlines several key provisions, including:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Protection for Bitcoin self-custody<\/strong>: Individuals have the legal right to use and store digital assets in self-hosted wallets.<\/li>\n<li><strong>Prohibition of discriminatory zoning laws<\/strong>: Local governments cannot impose zoning changes that unfairly target digital asset mining businesses.<\/li>\n<li><strong>Exemptions from money transmitter licensing<\/strong>: Home Bitcoin miners and digital asset mining businesses are exempt from Kentucky\u2019s money transmitter requirements.<\/li>\n<li><strong>Clarification of securities laws<\/strong>: Digital asset mining and staking as a service are explicitly not classified as securities under Kentucky law.<\/li>\n<\/ul>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/Rawlings4Ky?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@Rawlings4Ky<\/a> is carrying HB 701 which protects the use of digital assets and self-hosted wallets, prevents local zoning discrimination against digital asset mining businesses, and establishes guidelines for blockchain node operations. It shields node operators and staking\u2026 <a href=\"https:\/\/t.co\/1crnd8mqQS\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/1crnd8mqQS<\/a><\/p>\n<p>\u2014 KY Senate Majority (@KYSenateGOP) <a href=\"https:\/\/twitter.com\/KYSenateGOP\/status\/1900305121835442283?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">March 13, 2025<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n<p>After passing through the Kentucky House with a <strong>91-0<\/strong> vote on February 28, 2025, the bill moved swiftly through the Senate. The March 13 vote saw full bipartisan support, with <strong>37 senators voting in favor, zero opposed, and one not voting.<\/strong><\/p>\n<p>The legislation now awaits the Governor\u2019s signature, which would officially enshrine Bitcoin self-custody protections and digital asset mining rights into Kentucky law. If signed, Kentucky will become one of the more Bitcoin-friendly states in the country, setting a precedent for other states to follow.<\/p>\n<\/p><\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/bitcoinmagazine.com\/news\/kentucky-senate-passes-bill-protecting-bitcoin-self-custody-rights\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday evening, the Kentucky Senate unanimously passed a bill aimed at protecting Bitcoin self-custody rights and digital asset mining operations. With a decisive 37-0 vote,<\/p>\n","protected":false},"author":1,"featured_media":92241,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[151],"tags":[],"class_list":["post-92240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/92240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/comments?post=92240"}],"version-history":[{"count":0,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/92240\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media\/92241"}],"wp:attachment":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media?parent=92240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/categories?post=92240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/tags?post=92240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}