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Kentucky Legislature Approves Bills Providing Incentives for Crypto Miners
The bills now pass to Governor Andy Beshear for final approval.
Updated Sep 14, 2021, 12:28 p.m. Published Mar 18, 2021, 2:02 p.m.
Kentucky's state legislature has given its final approval to two proposed bills that would introduce energy and tax breaks for crypto mining operations.
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- The first, House Bill 230, now passes to Governor Andy Beshear for final approval following the Senate voting in favor by 29-7 on Monday.
- The state's General Assembly had previously approved the bill in a 19-2 vote on March 3.
- Under the proposed law, sales tax obligations from electricity purchased for crypto mining purposes will be removed.
- Kentucky hopes the bill will make the state an attractive destination for cryptocurrency mining companies as a way to boost jobs and the local economy.
- According to General Assembly Representatives Steven Rudy and Chris Freeland, who introduced the bill in January, it would help Kentucky "become a national leader" in crypto mining.
- A Senate bill (SB255), focused on providing energy incentives for miners, is also now before the governor having been passed 74-19 last Friday.
See also: State of Wyoming Introduces Bill for Blockchain Filing System
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- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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The influential Democrat is the most vocal critic of the crypto legislation, and she continues to throw rhetorical sand in the gears of the negotiation.
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- U.S. Senator Elizabeth Warren, the ranking Democrat on the Senate Banking Committee, is calling for a probe into DeFi platforms, especially on their relationship with the business interests of President Donald Trump.
- Warren's pushback comes as the Senate is still negotiating the details of a crypto market structure bill, a process that's now drifted into January.
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