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Oklahoma Governor Signs 'Bitcoin Rights' Bill Into Law, Protecting Residents' Crypto Rights and Mining Activities

Oklahoma Governor Signs 'Bitcoin Rights' Bill Into Law, Protecting Residents' Crypto Rights and Mining Activities

CointimeCointime2024/05/16 00:28
By:Cointime

Oklahoma Governor Kevin Stitt has signed a bill into law that protects the right of Oklahoma residents to mine, transact with, and self-custody cryptocurrencies. The bill, introduced by Republican state Rep. Brian Hill and carried in the Senate by Republican state Sen. Bill Coleman, was inspired by model policy from state-focused bitcoin mining advocacy group Satoshi Action Fund. The bill also makes it legal for Oklahoma residents to mine crypto, both at home and on an industrial scale, and protects the ability to use crypto to purchase legal goods and services without an extra tax. The bill will go into effect on November 1, 2024.

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