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House Bill 701

Actions | Amendments
Last Action 03/24/25: signed by Governor (Acts Ch. 50)
Title AN ACT relating to blockchain digital assets.
Bill Documents Acts Chapter 50
Current/Final
Introduced
Bill Request Number 329
Sponsors A. Bowling, T. Roberts
Summary of Enacted Version Creates new sections of KRS Chapter 369 to define terms relating to blockchain technology; allows individuals to use digital assets and wallets; provides guidelines for operation of a node; amends KRS 286.11-007 to exclude development or deployment of a blockchain protocol, exchange of digital assets, and operation of a node from money transmitter license requirements; and amends KRS 292.340 to provide that staking as a service shall not be deemed to be offering or selling a security.
Legislative History
Summary of Original Version Create new sections of KRS Chapter 369 to define terms relating to blockchain technology; allow individuals to use digital assets and self-hosted wallets; prohibit local zoning changes that discriminate against a digital asset mining business; provide guidelines for operation of a node; amend KRS 286.11-007 to exclude home digital asset mining, digital asset mining business, and the operation of a node from money transmitter license requirements; amend KRS 292.340 to provide that digital asset mining or staking as a service shall not be deemed to be offering or selling a security.
Index Headings of Original Version Energy - Digital asset mining businesses, node operations, requirements
Land Use - Digital mining businesses, local ordinances, zoning
Local Government - Digital mining businesses, local ordinances, zoning
Planning and Zoning - Digital mining businesses, local ordinances, zoning
Taxation, Income--Corporate - Digital asset mining business, node operations, staking
Taxation, Income--Individual - Digital asset mining, node operations, staking
Information Technology - Digital asset mining business, node operations, staking
Technology - Digital asset mining businesses, node operations, requirements
Technology - Digital mining businesses, local ordinances, zoning
Jump to Proposed Amendments House Committee Substitute 1
Votes Vote History

Actions

Top | Amendments
02/19/25
  • introduced in House
  • to Committee on Committees (H)
02/25/25
  • to Banking & Insurance (H)
02/26/25
  • reported favorably, 1st reading, to Calendar with Committee Substitute (1)
02/27/25
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Friday, February 28, 2025
02/28/25
  • 3rd reading, passed 91-0 with Committee Substitute (1)
03/04/25
  • received in Senate
  • to Committee on Committees (S)
03/06/25
  • to Banking & Insurance (S)
03/11/25
  • reported favorably, 1st reading, to Calendar
03/12/25
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Thursday, March 13, 2025
03/13/25
  • 3rd reading, passed 37-0
03/14/25
  • received in House
  • enrolled, signed by Speaker of the House
  • enrolled, signed by President of the Senate
  • delivered to Governor
03/24/25
  • signed by Governor (Acts Ch. 50)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
Summary Retain original provisions, except remove references to "digital asset mining," "digital asset mining as a service," "digital asset mining business," and "home digital asset mining"; delete section 3 relating to local zoning prohibitions.
Index Headings Land Use - Digital mining businesses, local ordinances, zoning
Local Government - Digital mining businesses, local ordinances, zoning
Planning and Zoning - Digital mining businesses, local ordinances, zoning
Information Technology - Digital asset mining business, node operations, staking
Technology - Digital asset mining businesses, node operations, requirements
Technology - Digital mining businesses, local ordinances, zoning

Last updated: 7/24/2025 3:26 PM (EDT)