Kentucky governor Andy Beshear has signed a measure known as the “Bitcoin Rights” bill, into law, enshrining protections for ...

Speaking with Roundtable host Scott Melker, Satoshi Action Fund CEO Dennis Porter revealed that more than 50 pieces of Bitcoin-related legislation are in progress across at least 22 states.

The Satoshi Action Fund, a bitcoin advocacy organization, works with state lawmakers on advancing “model legislation,” according to Dennis Porter, the organization’s CEO and co-founder.

Kentucky has signed the Bitcoin Rights bill into law while multiple states advance Bitcoin reserve legislation, showing growing state-level acceptance of cryptocurrency.

Previously, Utah was a frontrunner to establish a state Strategic Bitcoin Reserve, singled out by pro-Bitcoin lobbying group the Satoshi Action Fund for its work advancing legislation on the topic.

The push for state-level Bitcoin reserves is gaining steam, with Satoshi Action Fund CEO Dennis Porter noting that these efforts could directly support a national strategic Bitcoin reserve bill.

Kentucky Governor Andy Beshear has officially signed House Bill 701, known as the “Bitcoin Rights” bill, into law.