Kentucky Lawmakers Endorse Innovative Bitcoin Legislation
by aria-crypto.com
March 17, 2025 at 09:08
Kentucky Lawmakers Endorse Innovative Bitcoin Legislation
Kentucky lawmakers have passed HB 701, a pioneering bill that protects and promotes self-custody and mining of Bitcoin in the state. Introduced by Representatives Adam Bowling and T.J. Roberts, the bill received overwhelming support, passing unanimously through both legislative chambers on March 14. HB 701 notably enhances individuals' rights to self-custody Bitcoin via private wallets and shields Bitcoin mining from restrictive zoning laws. It further alleviates financial licensing stipulations for small-scale miners, fostering an inclusive environment for independent operators.
The bill also has implications for the legality and regulatory treatment of digital asset mining and staking, exempting these from being classified as securities, thus providing a clearer regulatory framework. Additionally, it ensures that Bitcoin transactions are not subjected to extraneous taxes or fees compared to traditional financial transactions, bolstering its utility as a medium of exchange. The passage of this bill not only secures Kentucky's position as a crypto-friendly state but also signals its commitment to facilitating innovation within the digital asset landscape. The legislation awaits the governor's signature to become law, at a time when Kentucky is also contemplating an initiative to establish a Bitcoin reserve, aiming to diversify the state's financial assets.
Read more
>> Canada-US Bitcoin Dynamics: Bitfarms Expands and ETFs Face Challenges
Canadian Bitcoin miner Bitfarms has successfully completed its merger, significantly enhancing its presence in the US market. This expansion marks a notable step in strengthening cross-border Bitcoin operations...
41 minutes ago
>> CME and Solana Collaboration Ushers in New Era for Crypto Futures and ETF Prospects
The Chicago Mercantile Exchange (CME) has launched futures trading on Solana, marking a significant development in crypto financial products. This move could enhance liquidity and institutional credibility, pot...
an hour ago
>> SEC Review Could Soften Stance on Crypto Regulations Amid Financial Sector Pushback
The U.S. Securities and Exchange Commission (SEC) is reassessing its stance on cryptocurrencies through a revision of custody rules that previously drew significant industry backlash. Acting Chairman Mark Uyeda...
>> Crypto Dynamics Unleashed: Robinhood Teams Up with Kalshi for New Prediction Market Hub
Robinhood and Kalshi have joined forces to launch a crypto prediction market hub initially focusing on NCAA basketball tournaments. This collaboration emerges at a time when Robinhood has been taking advantage ...
>> Police Respond to Attempted Bitcoin Heist Targeting Influencer at Home
In a shocking incident this month, four teenagers assaulted influencer Kaitlyn Siragusa, known as Amouranth, in her Texas home, attempting to steal her Bitcoin. The culprits, armed and forceful, demanded the di...
5 hours ago
>> EU Investigates OKX Amid Allegations of Bybit Hack Fund Laundering
Amid rising scrutiny, OKX, a prominent crypto exchange, has suspended its decentralized exchange (DEX) aggregator following allegations it facilitated laundering of $100 million from the Bybit heist. European r...
>> SEC and Ripple Near Settlement, Eyeing Commodity Status for XRP Amid Legal Challenges
The legal skirmish between Ripple and the U.S. Securities and Exchange Commission (SEC) appears to be concluding, with indications that XRP may soon be regarded more seriously as a commodity. Inside sources sug...
12 hours ago
>> US Police on the Hunt for 'Bitcoin Billionaire' Suspected in Bond Fraud
In a notable development, US police have announced a search for an individual dubbed the 'Bitcoin Billionaire', connected with a fraudulent scheme involving $50,000 in bond transactions. The suspect's manipulat...
a day ago
>> UK Bitcoin Scandal: Officer Charged with Stealing £3.2 Million Worth of BTC
The UK Crown Persecution Service (CPS) has charged a National Crime Agency (NCA) officer, Paul Chowles, with the theft of 50 Bitcoin, valued roughly at £3.2 million today. The indictment is part of the UK's ong...
2 days ago
All the latest crypto news in one place
Stay informed and up-to-date on the market's latest news with our Terminal's News Aggregator with curated news articles and analysis from over 50 sources, including the crypto's biggest publications.
Launch Terminal
