Last night, the Kentucky senate unanimously adopted a bill aimed at protecting Bitcoin self-insurance rights and digital asset mining. With a crucial 37-0 voting, the legislation, titled An action regarding Blockchain Digital Assets (HB 701) Moving to the Governor’s desk for final approval.
Sponsored by representatives Adam Bowling and TJ Roberts, the Bill confirms individuals’ right to self -defense digital assets through self -hosted wallets. In addition, the local regulatory laws prevent discriminating on digital asset mining, ensuring that Bitcoin mining workers can operate freely in the state.
The bill outlines several key regulations including:
- Protection for Bitcoin self -insurance: Individuals have the legal right to use and store digital assets in self -hosted wallets.
- Prohibition of discriminatory regulatory legislation: Local authorities cannot impose zoning changes that are unfairly targeted at digital asset mining.
- Exceptions of License to Money Sends: Home Bitcoin mine workers and digital asset mines are exempt from Kentucky’s requirements for money transfers.
- Clarification of the securities laws: Digital active mining and position As a service is explicitly not classified as securities according to Kentucky Law.
After passing through the Kentucky house with a 91-0 Vote on February 28, 2025, the bill moved quickly through the Senate. Voting on March 13 experienced full bipartisan support with 37 Senators voting for, Zero opposed, and one not voted.
The legislation is now waiting for the Governor’s signature, which would officially counteract Bitcoin self-supply protection and digital asset rights to the Kentucky Act. If signed, Kentucky will become one of the more bitcoin-friendly states in the country, which sets a precedent for other states to follow.