Kentucky Crypto Bill Threatens Self-Custody
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Kentuckys House Bill 380 proposes crypto regulations, mandating hardware wallet makers to include backdoors for seed phrase and password recovery. This move, criticized by the Bitcoin Policy Institute, threatens the core principle of crypto self-custody and could push users towards centralized, hack-prone services. Meanwhile, U.S. SEC officials support self-custody options, highlighting growing tensions over crypto privacy and security.
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