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Kentucky politician Andy Beshear has signed a measurement known arsenic the “Bitcoin Rights” bill, into law, enshrining protections for crypto users, arsenic 2 different US states’ Bitcoin reserve authorities advanced.
Crypto advocacy radical the Satoshi Action Fund said successful a March 24 connection to X that House Bill 701 protects the “right to self-custody, tally a node, and usage of integer assets” without “fear of discrimination.”
First introduced to the Kentucky House by Rep Adam Bowling connected Feb. 19, HB701’s description says it safeguards the close to usage integer assets and self-custody wallets and bans section zoning changes that discriminate against crypto mining.
Source: Satoshi Action Fund
At the aforesaid time, the authorities provides guidelines for moving a crypto node, excludes crypto mining from wealth transmitter licence requirements, and specifies that mining and staking are not considered offering oregon selling a security.
The measure passed Kentucky’s House of Representatives connected Feb. 28, with each 91 representatives voting successful favor, and passed the authorities Senate connected March 13, with each 37 senators voting successful favor. It was past signed into instrumentality by Beshear connected March 24.
The authorities mirrors akin legislation signed into instrumentality by Oklahoma Governor Kevin Stitt successful May 2024.
Kentucky’s Bitcoin Rights measure enshrines protections for crypto users successful the state. Source: Kentucky General Assembly
Kentucky has besides introduced a measure to found a Bitcoin reserve, allowing the State Investment Commission to allocate up to 10% of excess authorities reserves into integer assets, including Bitcoin (BTC); the measure is inactive nether review.
Other Bitcoin reserve bills determination forward
Meanwhile, Oklahoma’s House Bill 1203 (HB 1203), known arsenic the Strategic Bitcoin Reserve Act, has passed the State House of Representatives 77 to 15, according to the crypto advocacy group, the Oklahoma Bitcoin Association.
The measure was introduced to the Oklahoma House of Representatives connected Jan. 15 by authorities Representative Cody Maynard and passed the Government Oversight Committee with a 12–2 ballot connected Feb. 25.
Related: Crypto bills stack up crossed the US, from Bitcoin reserves to task forces
It indispensable present walk done the Senate earlier the Oklahoma politician tin veto oregon motion the measure into law. Oklahoma authorities Senator Dusty Deevers besides filed authorities connected Jan. 8 that would let residents successful the authorities to receive salaries successful Bitcoin.
Bitcoin authorities tracker radical Bitcoin Laws said successful a March 24 X station that Oklahoma has present moved into adjacent 2nd spot with Texas successful the State Bitcoin reserve race.
Oklahoma has present moved into adjacent 2nd spot successful the State Bitcoin reserve race. Source: Bitcoin Laws
Arizona remains successful the pb aft 2 strategical integer plus reserve bills cleared Arizona’s House Rules Committee connected March 24 and headed to the House level for a afloat vote.
Bitcoin Laws speculates that due to the fact that Republicans predominate the Oklahoma Senate and the politician is Republican, the measure “has a bully accidental to walk into law.”
Missouri’s Special Committee connected Intergovernmental Affairs is besides successful the process of evaluating the state’s Bitcoin reserve bill, according to Bitcoin Laws.
Magazine: How crypto laws are changing crossed the satellite successful 2025
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