Kentucky's House Bill 380, initially targeting bitcoin ATM regulation, now includes a controversial amendment requiring hardware wallet providers to offer password and seed phrase recovery options via live customer support. Critics, including the Bitcoin Policy Institute, argue this is technically impossible for non-custodial wallets and would create security risks by introducing backdoors. The bill has passed the House and is moving to the Senate, where industry leaders will push for changes. If enacted, Kentucky would be the first state to legally mandate private key recovery, potentially causing hardware wallet providers to stop sales in the state to avoid legal issues.
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