{"id":11072,"date":"2025-03-14T14:05:11","date_gmt":"2025-03-14T21:05:11","guid":{"rendered":"https:\/\/jasonsblog.ddns.net\/?p=11072"},"modified":"2025-03-14T14:05:11","modified_gmt":"2025-03-14T21:05:11","slug":"kentucky-senate-passes-bill-protecting-bitcoin-self-custody-rights","status":"publish","type":"post","link":"https:\/\/jasonsblog.ddns.net\/index.php\/2025\/03\/14\/kentucky-senate-passes-bill-protecting-bitcoin-self-custody-rights\/","title":{"rendered":"Kentucky Senate Passes Bill Protecting Bitcoin Self-Custody Rights"},"content":{"rendered":"\n

An interesting law passed by the legislature in Kentucky protects your right to self-custody of your Bitcoin<\/a> or other cryptocurrencies. It’s possible that legislation could be passed to where you’re only allowed to have custodial wallets managed by a third party, and as we say in Bitcoin, if it’s not your keys (self-custody), it’s not your Bitcoin. Your cryptocurrency could then be hacked if the third party’s security practices aren’t solid or a group of employees misbehave, or the government could seize your cryptocurrency. And there was a time that gold was outlawed by the federal government<\/a>, where you had to sell your gold to the government at a set price (though not all did). And the government taking your assets in this information age is much more serious, especially when we’re looking at possibly the worst world depression ever seen. So it would seem that Kentucky is trying to attract cryptocurrency businesses by passing favorable legislation like us here in Wyoming.<\/p>\n\n\n\n

https:\/\/bitcoinmagazine.com\/news\/kentucky-senate-passes-bill-protecting-bitcoin-self-custody-rights<\/a><\/p>\n\n\n

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Legislation ensuring Bitcoin self-custody rights and protecting mining now heads to the Governor’s desk for final approval.<\/a><\/h5>\n\n\n\n

By Nik<\/p>\n\n\n\n

\"Kentucky<\/figure>\n\n\n\n

Yesterday evening, the Kentucky Senate unanimously passed a bill aimed at protecting Bitcoin self-custody rights and digital asset mining operations. With a decisive 37-0 vote, the legislation, titled AN ACT relating to blockchain digital assets <\/strong>(HB 701), now moves to the Governor\u2019s desk for final approval.<\/p>\n\n\n\n

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NEW: \ud83c\uddfa\ud83c\uddf8 Kentucky Senate passes bill that will protect Bitcoin self custody rights with 0 votes against it.

The bill now heads to the Governors desk. pic.twitter.com\/HPciWIgpZO<\/a>\u2014 Bitcoin Magazine (@BitcoinMagazine) March 14, 2025<\/a><\/p>\n<\/blockquote>\n\n\n\n

Sponsored by Representatives Adam Bowling and T.J. Roberts, the bill affirms the right of individuals to self-custody<\/a> digital assets through self-hosted wallets. Additionally, it prevents local zoning laws from discriminating against digital asset mining<\/a> businesses, ensuring that Bitcoin miners can operate freely within the state.<\/p>\n\n\n\n

The bill outlines several key provisions, including:<\/p>\n\n\n\n