The Kentucky Senate has unanimously approved a significant bill, HB 701, which safeguards Bitcoin self-custody rights and enhances the operational framework for digital asset mining. Sponsored by Representatives Adam Bowling and T.J. Roberts, the legislation prohibits local governments from implementing zoning laws that unfairly target Bitcoin miners. Additionally, it exempts home miners from money transmitter licensing and clarifies that digital asset mining and staking services do not fall under the classification of securities, further solidifying Kentucky's role in supporting blockchain technologies.
The Kentucky Senate unanimously passed a bill to protect Bitcoin self-custody rights and digital asset mining operations, with a decisive 37-0 vote.
The legislation affirms individuals' rights to self-custody digital assets in self-hosted wallets and prevents discriminatory zoning laws against mining businesses.
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