Kentucky Enacts New Law Establishing Legal Framework for Blockchain and Digital Assets

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On March 24, Kentucky enacted House Bill 701, establishing a statutory framework to support blockchain-based activity and clarifying the treatment of digital assets under state law. The legislation defines key terms, permits the use of digital assets in commerce, and amends sections of Kentucky’s securities and financial services laws to improve regulatory clarity around crypto-based activities….
By: Sheppard Mullin Richter & Hampton LLP
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