Kentucky Enacts Law to Protect Cryptocurrency Self-Custody
- Kentucky Governor Andy Beashear signed House Bill 701, enhancing protections for cryptocurrency self-custody.
- The law passed unanimously in both the House (91-0) and Senate (37-0).
- It ensures individuals can manage cryptocurrencies in self-hosted wallets without interference.
- The law clarifies that mining and staking rewards are not classified as securities.
- Blockchain nodes and staking operations are exempt from Kentucky’s money transmitter regulations.
House Bill 701, signed by Governor Beashear, guarantees Kentuckians’ rights to self-custody their cryptocurrencies, passing with unanimous support in both legislative chambers.
Source (2.6)https://decrypt.co/311466/kentucky-bitcoin-ethereum-self-custody-law?rand=52368
