Andy Beshear, the governor of Kentucky has signed into law a bill known as The Kentucky Governor’s Bill. “Bitcoin Rights” As two states in the US advanced their Bitcoin reserve laws, the bill was signed into law.
Satoshi Action Fund is a crypto advocacy group. said House Bill 701 is a bill that protects women, X said in a letter dated March 24, “right to self-custody, run a node, and use of digital assets” You can’t have it without “fear of discrimination.”
Rep Adam Bowling, a Kentucky Representative, introduced the bill to Kentucky’s House of Representatives on February 19. description It says that it protects the rights to digital assets and wallets with self-custody and prevents local changes in zoning laws which discriminate. crypto mining.
Source: Satoshi Action Fund
At the same, legislation includes guidelines for operating a cryptonode. Crypto mining is excluded from license requirements and mining and stake are not considered selling or offering a financial security.
On February 28, all 91 members of the Kentucky House of Representatives voted in favor of this bill. The state Senate acted on it on March 13 with 37 votes in its favor. Beshear then signed the bill into law on 24 March.
This legislation is similar to other laws legislation signed into law by Oklahoma Governor Kevin Stitt in May 2024.
Kentucky’s Bitcoin Rights Act protects cryptocurrency users. Source: Kentucky General Assembly
Kentucky introduced its own bill. establish a Bitcoin reserveThe State Investment Commission can invest up to 10 percent of the excess reserves in digital assets including Bitcoin.BTCThe bill is under review.
Bitcoin reserve bills are moving forward
Oklahoma House Bill 1203, known as Strategic Bitcoin Reserve Act or HB 1203, has now passed through the State House of Representatives 77 – 15. according Oklahoma Bitcoin Association, a group that advocates for crypto.
Bill was introduced to the Oklahoma House of Representatives Cody Maynard, state representative of New York State was interviewed on January 15, 2019. passed the Government Oversight Committee with a 12–2 vote on Feb. 25.
Related: Crypto bills stack up across the US, from Bitcoin reserves to task forces
The bill must pass the Senate now before Oklahoma’s governor can sign it into law or veto it. Dusty Deevers is an Oklahoma State Senator. filed legislation on Jan. 8 that would allow residents The state of the nation receive salaries in Bitcoin.
Bitcoin Laws is a group that tracks Bitcoin laws. said In a post on March 24, X, Oklahoma is now tied with Texas for second place in the State Bitcoin Reserve race.
Oklahoma now occupies the second-place position in terms of state Bitcoin reserves. Source: Bitcoin Laws
Arizona is still leading after passing two bills to reserve strategic digital assets cleared Arizona’s House Rules Committee The House then voted on the full bill in its entirety.
Bitcoin Laws believes that the Oklahoma Senate is dominated by Republicans and because the Governor of Oklahoma is Republican. “has a good chance to pass into law.”
The Missouri Special Committee on Intergovernmental Affairs, is also evaluating Missouri’s Bitcoin Reserve Bill. according Bitcoin laws
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Source: cointelegraph.com
