Governor signs digital asset regulation act into law

A Senate bill regulating digital asset businesses has been signed into law by Governor Beshear, marking a significant step in Kentucky's efforts to oversee emerging financial technologies. The legislation, titled "AN ACT relating to the regulation of digital asset business," aims to establish a regulatory framework for companies dealing with cryptocurrencies and other digital assets.

The bill, known as SB189, outlines requirements for licensing, registration and compliance for businesses operating within the digital asset sector. It also includes provisions for consumer protection and anti-money laundering measures.

Sponsored by Senator S. Rawlings of District 111, the bill received support from one co-author, R. Mills. The legislation has now been signed into law after passing both chambers with significant majorities.

The bill was enrolled and signed by both the President of the Senate and the Speaker of the House before being delivered to the Governor on March 31, 2026. It has since been officially enacted as Acts Ch. 126 following its signature by the Governor on April 12, 2026.