The Governor of Kentucky, Andy Beshear, signed a means known as the “Bitcoin law” law, able to set security for cryptographic users, because the legislation regarding bitcoin reserves in other United States has developed.
Crypto Advocacy Group The Satoshi Action Fund he said In a statement of March 24 to X, which house House 701 protects “the right to self -diet, starting the node and the use of digital assets” without “fear of discrimination.”
The first time introduced to the Kentucky house by the representative of Adam Bowling, February 19, HB701 description He says that he secures the right to employ digital assets and self -wing portfolios and prohibits local zone changes that discriminate against cryptocurrency mining.
Source: Satoshi Action Fund
At the same time, the legislation contains guidelines for the launch of the cryptographic node, excludes the extraction of cryptocurrencies from the requirements of the transmitter license and specifies that extraction and stood are not considered to be offered or selling security.
The draft law was transferred to the Chamber of Representatives of Kentucky on February 28, and all 91 representatives voted in favor and passed the senate of state on March 13, and all 37 senators voted for. Then he was signed by Beshear on March 24.
Legislation reflects similar legislation signed by the governor of Oklahoma Kevin Stitt in May 2024.
Kentucky Bitcoin Rill Bill Enshria for cryptocurrency users. Source: Kentucky General Assembly
Kentucky also introduced a bill on establishing the Bitcoin reserve, enabling the State Investment Commission to assign up to 10% of excessive state reserves for digital assets, including Bitcoin (BTC); The act is still under review.
Other bitcoin bills are moving forward
Meanwhile, the Act on the House in Oklahoma 1203 (HB 1203), known as the Bitcoin Strategic Reserve Act, passed through the State House of Representatins 77–15, According to To Crypto Advocacy Group, Oklahoma Bitcoin Association.
The Act was introduced to the Chamber of Representatives of Oklahoma on January 15 by a representative of the state of Cody Maynard and adopted the Government Supervision Committee with 12-2 voice in February 25.
Related: Crypto bills are arranged throughout the United States, from Bitcoin reserves to task forces
He must now go through the Senate before the Governor of Oklahoma can veto or sign the act. Senator of State Oklahoma Dusty Deevers also submitted legislation on January 8, which would allow residents of the state to receive remuneration in Bitcoin.
Bitcoin legislation Bitcoin LAWS Group he said In the post of March 24 x Oklahoma moved to second place with Texas in the State Bitcoin reserve race.
Oklahoma moved to second place in the State Bitcoin reserve race. Source: Bitcoin rights
Arizona remains at the forefront after two strategic bills for the booking of digital assets have cleared the House Commission in Arizona on March 24 and went home to the floor for a full voice.
The Bitcoin regulations speculate that because the Republicans dominate the Oklahoma Senate, and the governor is a republican, the law “has a good chance of passing”.
The Missouri Special Committee for Intergovernmental Affairs is also during the assessment of the Act on the State Bitcoins Reserve, According to to Bitcoin regulations.
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