Kentucky Governor signs ‘Bitcoin Rights’ bill as states push crypto legislation

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The governor of Kentucky, Andy Beshear, signed Bill 701 of the Chamber, known as the “Bitcoin Rights” bill, in the law, obtaining key protections for users of digital assets in the state.

The law guarantees the right to self-care, the ability to execute blockchain nodes and protection against discrimination against cryptographic mining operations.

Presented by representative Adam Bowling on February 19, the Invoice Unanimously adopted the Kentucky Chamber (91-0) on February 28 and the Senate (37-0) on March 13 before being signed on March 24.

The law also exempts the extraction of the cryptography of silver issuer license requirements and prevents the activities of staking and mining operations from being classified as titles.

Meanwhile, Kentucky envisages another bill which would allow the State to allocate up to 10% of its excess reserves in Bitcoin (BTC). This proposal remains under examination.

Other states push pro-Bitcoin invoices

The Kentucky movement comes like many other American states advance Bitcoin -related legislation. Montana advance A bill that seeks to establish a reserve allowing investments in Bitcoin, precious metals and stablecoins.

Oklahoma Oklahoma Oklahoma Bitcoin Strategic Reserve pass The House of State representatives with a vote from 77 to 15 years old and now moves to the Senate. A distinct Oklahoma bill aims to allow residents to receive Bitcoin salaries.

Arizona is also Advance with two invoices – One creating a reserve of digital assets from confiscated cryptocurrencies and another allowing 10% of the State Treasury funds to be allocated to Bitcoin. The two bills erased the Chamber’s Rules Committee on March 24 and are heading for a full vote from the Chamber.

Bitcoin Laws, a group following the legislation on digital assets, notes This Oklahoma is now tied with Texas in the “Bitcoin reserve race of the State”, while the Missouri also examines a proposal for a Bitcoin reserve. The growing number of state initiatives reflects an increasing legislative interest in digital assets across the United States



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