Global Stock News

Kentucky Crypto Bill Sparks Backlash Over “Backdoor” Wallet Provision

Kentucky Crypto Bill Sparks Backlash Over “Backdoor” Wallet Provision

  • A last-minute floor amendment to Kentucky’s HB380 requires hardware wallet providers to assist users in resetting passwords, PINs, and seed phrases.
  • The provision contradicts Kentucky’s own HB701, enacted unanimously in 2025, which explicitly protects self-custody rights and independent control of private keys.
  • HB380 passed the Kentucky House 85-0 on March 13 and now sits in the Senate, where lawmakers can still revise or remove the controversial amendment before a final vote.

A provision added to Kentucky’s crypto ATM bill has triggered massive criticism from digital rights advocates, who say it could make self-custody hardware wallets unworkable by requiring manufacturers to help users recover lost…

Source link

Share this article

Scroll to Top