Kentucky governor signs a bill on the rights of citizens to store cryptocurrencies and mining

Under it, cryptocurrency mining and staking will not be considered an offer and sale of securities

25.03.2025 - 14:45

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3 min

What’s new? Kentucky Governor Andy Beshear has signed a bill known as the “Bitcoin Rights” that enshrines protections for cryptocurrency users. The lobbying organization Satoshi Action Fund explained that the document protects the right to self-store cryptocurrencies, manage blockchain nodes, and use digital assets without “fear of facing discrimination.”

Source: X.com

What else is known? The bill was first introduced to the Kentucky House of Representatives by Adam Bowling on February 19. It protects the right to use digital assets and non-custodial crypto wallets, and prohibits local zoning changes that discriminate against miners.

It also provides guidance on blockchain node management, removes mining from the list of activities requiring a money transfer license, and specifies that mining and staking are not considered an offer or sale of securities.

The bill was passed by the Kentucky House of Representatives on February 28, with all 91 representatives voting in favor. The state Senate also unanimously passed it on March 13 with 37 votes. It was then signed by Beshear on March 24. A similar bill was signed by Oklahoma Governor Kevin Stitt back in May 2024.

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Kentucky has also introduced a bill to create a statewide bitcoin reserve, allowing the investment commission to allocate up to 10% of excess funds to purchase digital assets. It is still under review for now.

Other bitcoin reserve bills in the United States are also moving forward. The Oklahoma House of Representatives passed Cody Maynard’s bill, it must now go through the Senate before the governor can veto or sign it. Earlier, Oklahoma Senator Dusty Deevers also introduced a bill that would allow state residents to receive their paychecks in bitcoins.

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