The law guarantees individuals the right to hold and manage their crypto in self-hosted wallets, enabling Kentuckians to maintain complete control over their cryptocurrency without interference.
It prohibits local governments from enacting discriminatory laws that unfairly target crypto mining operations and clarifies that mining and staking services are not classified as securities under Kentucky law.
Furthermore, operating blockchain nodes and engaging in staking activities are explicitly exempted from Kentucky's money transmitter regulations.
This aligns with a broader trend among U.S. states to embrace crypto amid growing institutional and retail adoption. Utah recently enacted a similar law, integrating crypto into the state's legal framework and supporting citizens' engagement with crypto and blockchain activities.