Nebraska and Missouri are leading the charge in protecting digital assets rights with the introduction of new legislation. The Blockchain Basics Act, part of the work of the Satoshi Action Fund, aims to provide protection and foster the development of Bitcoin and other digital assets. The proposed bills allow for self-custody of digital assets, enabling individuals to conduct crypto mining operations in residential properties without the need for a license.
The Nebraska bill builds upon the Nebraska Financial Innovation Act, which was introduced in 2021 and provides guidelines for the operation and regulation of digital asset depositories. If passed into law, the bill would also help prevent detrimental regulations from impeding future Bitcoin innovation.
“The plan is to introduce 13 bills in 13 different states ‘at least’ in 2024,” said Dennis Porter, co-founder and CEO of the Satoshi Action Fund. The organization aims to educate policymakers and regulators on the benefits of Bitcoin mining. The introduction of these bills marks a significant step forward in ensuring that Bitcoin and other digital assets can thrive and grow, while also protecting the rights of individuals to self-custody and use these assets.
While Nebraska and Missouri are leading the way, it is expected that an additional 11 states will introduce similar regulations in the coming year. This growing trend indicates a broader recognition of the importance of digital assets and the need to provide a regulatory framework that fosters innovation and growth in this sector.
As the world becomes increasingly interconnected and reliant on digital technologies, it is crucial to establish clear guidelines and protections for digital assets. The introduction of these bills in Nebraska and Missouri is a positive step towards creating a supportive and enabling environment for the future of digital currencies and blockchain technology.
The source of the article is from the blog reporterosdelsur.com.mx