Kentucky has recently enacted House Bill 701, known as the “Bitcoin Rights” bill, which was signed into law by Governor Andy Beshear on March 24, 2025.
This legislation safeguards the rights of individuals to self-custody digital assets, operate blockchain nodes, and engage in digital asset transactions without fear of discrimination. It also prohibits local zoning changes that could unfairly target digital asset mining businesses and clarifies that mining and staking activities are not considered securities offerings.
In addition to HB 701, Kentucky is considering House Bill 376, which proposes the creation of a state-sponsored Bitcoin reserve. This bill would authorize the State Investment Commission to allocate up to 10% of excess state reserves into digital assets, including Bitcoin. The proposed legislation also includes provisions for state agencies to accept digital assets as payment and explicitly prohibits investments in central bank digital currencies (CBDCs).
These legislative efforts reflect Kentucky’s proactive approach to integrating digital assets into its financial and legal frameworks, aiming to foster innovation and provide clear guidelines for cryptocurrency users and businesses within the state.
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