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House Bill 701

Actions | Amendments
Last Action 03/06/25: to Banking & Insurance (S)
Title AN ACT relating to blockchain digital assets.
Bill Documents Current
Introduced
Bill Request Number 329
Sponsors A. Bowling, T. Roberts
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)

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: 3/7/2025 4:31 PM (EST)