Yesterday evening, the Kentucky Senate unanimously passed a bill aimed at protecting Bitcoin self-custody rights and digital asset mining operations. With a decisive 37-0 vote, the legislation, titled AN ACT relating to blockchain digital assets (HB 701), now moves to the Governor’s desk for final approval.
Personally I'd rather see more roadblocks for government seizure, than SBR's
the current text for HB701
and
Having this literally in there is actually pretty awesome (but idk why staking as a service is in there too tho. Conbase lobby?)
Does no additional assessments mean no cap gains tax when paying with sats?
For sure, also repealing capital gains taxes on bitcoin transactions.
Still, SBR's potentially improve incentives for other pro-bitcoin policies. They also incentivize seizure, unfortunately.
Removing capital gains would be absolutely nuts, in a good way.
amen. people do as incentives encourage... so fix those first