Last-Minute Addition to a Kentucky Crypto ATM Bill Could Make Hardware Wallets Illegal in the State
Kentucky House Bill 380, passed 85 to 0 by the state House on March 13 and now under Senate review, contains a late floor amendment in Section 33 that critics led by the Bitcoin Policy Institute say would effectively ban self-custody hardware wallets by requiring manufacturers to provide reset mechanisms they are architecturally incapable of building. What Section 33 Actually Requires The provision requires hardware wallet providers to offer a mechanism that allows users to reset their passwords, PINs, or seed phrases, and to verify a user’s identity before assisting with such a reset. Those two requirements appear straightforward in a traditional software context. In the context of non-custodial hardware wallets, they are technically impossible to fulfill without fundamentally redesigning how the devices work
BTC
Disclaimer: This content is provided via CryptoPanic and third-party sources. Tothemoon does not create, verify, or endorse this content and makes no guarantees as to its accuracy. The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. It is provided for informational purposes only and is not investment advice.