Kentucky Legalizes Digital Asset Rights with HB701 Signing

Kentucky Governor Andy Beshear officially signed the HB701 into law on March 24, 2025. The bill secures citizens’ rights to digital assets, self-hosted wallets, and blockchain nodes, introduced by Representative Adam Bowling. Excluding digital activities from money transmission and securities laws aligns with similar legislation passed previously in Oklahoma, signaling broader support for digital assets.

We are proud to officially announce that ‘Bitcoin Rights’ has been SIGNED INTO LAW by the Governor of Kentucky! The right to self-custody, run a node, and use of digital assets is now protected for millions of Americans without fear of discrimination. – Satoshi Action Fund

Reactions have been positive, with the Satoshi Action Fund expressing pride in the new rights becoming law.

Did you know? The legal recognition of digital assets in Kentucky mirrors changes in Oklahoma, where similar legislation sparked new dialogue on crypto regulations nationwide.

Bitcoin holds a market cap of $1.73 trillion, trading at $87,356.62 with a 24-hour volume of $32.26 billion. Recent adjustments include a 7-day rise of 5.59%, but a 30-day drop of 9.20% according to CoinMarketCap data.

Experts anticipate potential economic shifts stemming from this legal update, enhancing Kentucky’s status as a crypto-friendly jurisdiction. Increased blockchain adoption could prompt further regulation and growth, as digital assets gain wider acceptance and legitimacy in Kentucky.