KENTUCKY, STANDS OUT WITH REGULATIONS

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Kentucky Governor Andy Beshear signed House Bill 701 (HB 701) into law on March 24, 2025, implementing significant regulations for cryptocurrency use in the state. This law secures the right for individuals to hold and manage cryptocurrency in their own digital wallets and prevents local governments from enacting discriminatory regulations against cryptocurrency mining operations. Additionally, it states that mining and staking services will not be considered securities under Kentucky law.

HB 701 was unanimously approved with a vote of 91-0 in the Kentucky House of Representatives and 37-0 in the Senate. The law also exempts individuals who wish to run blockchain nodes and engage in staking activities from the state's money transfer regulations.