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Kentucky Passes New Bitcoin Mining Bill

Kentucky lawmakers have passed HB 701, a bill that strengthens Bitcoin (BTC) self-custody rights and protects crypto mining operations. Unanimously approved, it now awaits the governor's signature and could enhance Kentucky's reputation as a pro-crypto state.

Haider Jamal
March 18, 2025

Focusing On Self-Custody

The bill, introduced by Representatives Adam Bowling and T.J. Roberts, allows individuals to manage their own digital assets and safeguards Bitcoin miners from restrictive zoning laws.

Source: X (@BitcoinMagazine)

It also removes certain licensing requirements for small-scale miners, making it easier for independent participants to join the industry.

No Additional Taxes

HB 701 clarifies that Bitcoin mining and staking are exempt from securities and money transmitter regulations, thereby reducing risks for businesses. It also ensures digital assets used as payment won’t face additional taxes beyond standard financial transactions.

With both legislative chambers passing the bill, Kentucky is poised to attract more crypto innovation. Separately, lawmakers are considering a proposal to establish a Bitcoin reserve using surplus funds.

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Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.