Kentucky governor Andy Beshear has signed a measure generally known as the “Bitcoin Rights” bill, into law, enshrining protections for crypto customers, as two different US states’ Bitcoin reserve laws superior.
Crypto advocacy group the Satoshi Motion Fund said in a March 24 assertion to X that Home Bill 701 protects the “proper to self-custody, run a node, and use of digital belongings” with out “worry of discrimination.”
First launched to the Kentucky Home by Rep Adam Bowling on Feb. 19, HB701’s description says it safeguards the appropriate to make use of digital belongings and self-custody wallets and bans native zoning adjustments that discriminate in opposition to crypto mining.
Supply: Satoshi Action Fund
On the similar time, the laws offers pointers for operating a crypto node, excludes crypto mining from cash transmitter license necessities, and specifies that mining and staking aren’t thought of providing or promoting a safety.
The bill handed Kentucky’s Home of Representatives on Feb. 28, with all 91 representatives voting in favor, and handed the state Senate on March 13, with all 37 senators voting in favor. It was then signed into law by Beshear on March 24.
The laws mirrors comparable legislation signed into law by Oklahoma Governor Kevin Stitt in Could 2024.
Kentucky’s Bitcoin Rights bill enshrines protections for crypto customers within the state. Supply: Kentucky General Assembly
Kentucky has additionally launched a bill to establish a Bitcoin reserve, permitting the State Funding Fee to allocate as much as 10% of extra state reserves into digital belongings, together with Bitcoin (BTC); the bill remains to be underneath evaluation.
Different Bitcoin reserve payments transfer ahead
In the meantime, Oklahoma’s Home Bill 1203 (HB 1203), generally known as the Strategic Bitcoin Reserve Act, has handed the State Home of Representatives 77 to fifteen, according to the crypto advocacy group, the Oklahoma Bitcoin Affiliation.
The bill was introduced to the Oklahoma House of Representatives on Jan. 15 by state Consultant Cody Maynard and passed the Government Oversight Committee with a 12–2 vote on Feb. 25.
Associated: Crypto bills stack up across the US, from Bitcoin reserves to task forces
It should now go via the Senate earlier than the Oklahoma governor can veto or signal the bill into law. Oklahoma State Senator Dusty Deevers additionally filed legislation on Jan. 8 that would allow residents within the state to receive salaries in Bitcoin.
Bitcoin laws tracker group Bitcoin Legal guidelines said in a March 24 X submit that Oklahoma has now moved into equal second place with Texas within the State Bitcoin reserve race.
Oklahoma has now moved into equal second place within the State Bitcoin reserve race. Supply: Bitcoin Laws
Arizona stays within the lead after two strategic digital asset reserve payments cleared Arizona’s House Rules Committee on March 24 and headed to the Home flooring for a full vote.
Bitcoin Legal guidelines speculates that as a result of Republicans dominate the Oklahoma Senate and the governor is Republican, the bill “has a superb likelihood to go into law.”
Missouri’s Particular Committee on Intergovernmental Affairs can also be within the means of evaluating the state’s Bitcoin reserve bill, according to Bitcoin Legal guidelines.
Journal: How crypto laws are changing across the world in 2025
