Kentucky Governor Andy Beshear has signed a proposal known as the “Bitcoin Rights” Bill, in law, which pours protections for crypto users, such as the advanced two other U.S. Bitcoin Reserve laws.
Crypto Advocacy Group The Satoshi Action Fund Says In a March 24 statement on X that House Bill 701 protects the “right to self-custody, run a node, and use digital assets” without “fear of discrimination.”
Rep Adam Bowling was first introduced to Kentucky House in Feb. 19, HB701’s Description It says that protects the right to use digital assets and self-cust wallets and prohibits local zone changes that are distinguished against Crypto mining.
Source: Satoshi Action Fund
At the same time, the law provides guidelines for running a crypto node, excluding crypto mining from monetary shipping license requirements, and it is determined that mining and staking are not considered to be offering or selling a security.
The bill passed the House of Representative of Kentucky in February. It was then signed by Beshear’s law on March 24.
The mirrors in the law are similar The law signed by Oklahoma governor law Kevin Stitt in May 2024.
Kentucky’s Bitcoin Rights Bill is producing protections for crypto users in the state. Source: Kentucky General Assembly
Kentucky also introduced a bill to Establish a Bitcoin reserve.Btc); The bill is still reviewed.
The other Bitcoin Reserve bills moved forward
Meanwhile, the House Bill of Oklahoma 1203 (HB 1203), known as the Strategic Bitcoin Reserve Act, passed the State House of Representative 77 to 15, According to In the Crypto advocacy group, the Oklahoma Bitcoin Association.
The bill is introduced to the Oklahoma House of Representative On January 15 by state representative Cody Maynard and Government Oversight Committee passed By a vote of 12-2 in Feb. 25.
Related: Crypto bills were piled across the US, from Bitcoin reserves to the task forces
It must go through the Senate before the governor of Oklahoma may be able to submit or sign the law. Oklahoma State Senator Dusty deeves also filed a law on January 8 that would allow residents in the state to receive a salary with bitcoin.
Bitcoin Bitcoin Laws Law Says In a March 24 X post that Oklahoma has now moved to equal second place with Texas in the State bitcoin reserve race.
Oklahoma is now moving to equal second place in the Bitcoin Reserve state race. Source: Bitcoin Laws
Arizona remains led after two strategic digital asset reserve bills That -Clear the Committee of Arizona home rules on March 24 and heading to the floor of the house for a full vote.
The laws of Bitcoin think that since the Republicans dominate the Oklahoma Senate and the governor is Republican, the bill is “a good chance to pass on to law.”
The special committee of Missouri in Intergovernmental Affairs is also in the process of reviewing the State’s Bitcoin Reserve Bill, According to in the laws of bitcoin.
