Kentucky Strengthens Crypto by Passing Bitcoin and Ethereum Self-Custody Law
Kentucky recently passed a groundbreaking law that allows individuals to self-custody their Bitcoin and Ethereum. This regulation marks a significant stride in recognizing cryptocurrency’s legitimacy. Notably, the law specifies that neither mining nor staking rewards will be classified as securities. This clear distinction fosters a more inviting environment for cryptocurrency enthusiasts and investors in the state. By empowering residents to manage their digital assets with confidence, Kentucky sets a precedent for other states to follow. As cryptocurrency continues to gain traction across the nation, the introduction of such laws will undoubtedly encourage broader adoption and innovation within the digital asset space.