Well, don’t you know, that bill went through smoother than a greased pig at a county fair! Passed the House91-0 and the Senate37-0, quicker than a hiccup. Seems even those folks can agree on something when it shines like a new penny.
HB701: The Crypto Cowboy’s Dream 🤠
HB701, or what I like to call “A Jamboree for Blockchain Buffs,” sets the stage for a crypto carnival in Kentucky. It’s like tellin’ the government, “Thanks, but no thanks” when it comes to meddlin’ with your digital gold. So, keep your coins safe in your own digital poke, no need for the bigwigs to butt in. Plus, it keeps the door wide open for the miners and stakers, without slappin’ them with a “securities” label. Now ain’t that a hoot?
No Money Transmitter Troubles for Blockchain Bandits 🕵️♂️
And would you look at that? HB701 also waves a friendly hello to blockchain node operators and stakers, givin’ ’em a free pass from those pesky money transmitter regulations. It’s like the Wild West out there, and Kentucky’s invitin’ you to saddle up and ride the crypto trail. Seems the whole dang country’s catchin’ the crypto fever, following in the footsteps of Utah – bless their hearts.
Kentucky’s Crypto Cache: A Proposal with a Twist 🎩
But wait, there’s more! Kentucky’s eyeing another piece of paperwork, HB376, which is just ticklin’ the fancy of those big city investment types. This one’s got ’em thinkin’ about stashin’ up to10% of the state’s spare change into digital assets, with a special nod to Bitcoin, the belle of the ball. But hold your horses, it ain’t law yet. It’s sittin’ pretty, waitin’ for a nod from the House.
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2025-03-26 14:30