Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»Oklahoma Becomes First U.S. State to Protect Cryptocurrency Self-Government
EXCHANGE NEWS

Oklahoma Becomes First U.S. State to Protect Cryptocurrency Self-Government

By Crypto FlexsMay 16, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Oklahoma Becomes First U.S. State to Protect Cryptocurrency Self-Government
Share
Facebook Twitter LinkedIn Pinterest Email

Oklahoma has become the first state in the country to pass comprehensive laws protecting the rights of citizens to self-manage digital assets and engage in cryptocurrency mining activities. Governor Kevin Stitt signed HB3594, the ‘Bitcoin Rights’ bill, on Monday, establishing a legal framework for blockchain technology and digital assets in the state.


TLDR

  • Oklahoma has become the first state in the country to pass a law protecting the right to self-manage Bitcoin and other digital assets using hardware wallets.
  • The new law prohibits states from banning or restricting the use of cryptocurrencies to purchase legitimate goods and services.
  • Home digital asset mining is now legal in Oklahoma, as long as miners comply with local noise ordinances.
  • The bill protects individuals and companies engaged in cryptocurrency mining or node operations from liability related solely to transaction verification.
  • The bill provides that a money transmitter license is not required to mine digital assets, operate a node, or participate in blockchain staking.

The new bill, inspired by the Satoshi Action Fund’s model policy, ensures that Oklahoma residents cannot be prevented from using hardware wallets to hold and control digital assets.

It also provides a level playing field for cryptocurrency users by prohibiting states from banning or restricting the use of cryptocurrencies to purchase legitimate goods and services.

One of the key aspects of the bill is the protection it provides to cryptocurrency miners. Home digital asset mining is now legal in Oklahoma, as long as miners comply with local noise ordinances.

The law also allows companies to engage in industrial-scale mining operations without facing specific noise limits beyond those already established for data centers.

The bill protects individuals and businesses engaged in cryptocurrency mining or node operations from liability related solely to transaction verification. This establishes that a funds transmitter license is not required to mine digital assets, operate nodes, or engage in blockchain staking.

The bill’s passage comes at a time when the cryptocurrency industry is facing increasing regulatory scrutiny at the federal level. In the absence of a clear regulatory framework from Congress, federal regulators have largely come to regulate the cryptocurrency industry through enforcement actions against companies and developers.

A recent crackdown on cryptocurrency mixing services and privacy tools has raised concerns among cryptocurrency advocates about the possibility of future bans on self-management rights.

Oklahoma’s new law actively addresses these issues by making self-custody a fundamental right.

The bill’s sponsor, Republican state Rep. Brian Hill, emphasized the bill’s importance in protecting individuals’ rights to digital assets.

The Satoshi Action Fund, which has helped introduce similar legislation in 15 other states, believes more states will follow Oklahoma’s lead in passing cryptocurrency-friendly legislation.

With the new law taking effect on November 1, 2024, Oklahoma is establishing itself as a welcoming destination for cryptocurrency companies and investors.

The state has already attracted significant investment in the cryptocurrency mining industry, with companies such as Polaris Technologies announcing plans to build large-scale mining facilities in the state.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Pudgy Penguins

August 28, 2025

Will Cardano (ADA) step back and push the bear back low?

August 22, 2025
Add A Comment

Comments are closed.

Recent Posts

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025
Most Popular

Arcana Network Launches Chain Abstraction SDK to Integrate Multi-Chain Experiences

January 7, 2025

An unidentified wallet sent $1.2 million in BTC to Satoshi Nakamoto.

January 7, 2024

President Trump’s administrative order to establish US cryptocurrency policy

January 26, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.