Oklahoma claims rights to Bitcoin: What does the new law imply?
Date: 2024-05-16 Author: Henry Casey Categories: IN WORLD
Oklahoma Governor Kevin Stitt signed into law HB3594, which recognizes the rights of local residents to independently own, use and mine Bitcoin. The move puts the state at the forefront of crypto policy adoption among the 50 US states.
Legalization of Bitcoin and home mining
Under the new law, Oklahoma residents have the right to freely own Bitcoin and use it to purchase goods and services. Moreover, cryptocurrency mining on home computers is now officially legal in the state, subject to compliance with local noise regulations.
Lobbying efforts by Satoshi Action Fund
The Satoshi Action Fund, which actively lobbies the interests of the cryptocurrency community, played a key role in the adoption of this law. Thanks to their efforts, similar measures are also being discussed in other states, which creates a favorable environment for the development of the cryptocurrency industry in the United States.
Impact at the federal level
The passage of the Oklahoma Bitcoin Rights Act has had a significant impact at the federal level, spurring discussion and adoption of similar measures in other states. This confirms the need and importance of reforming legislation at the local level for the development of the cryptocurrency market in the country.
Active participation in the formation of legislation
Satoshi Action Fund continues to actively interact with legislators and lobby for the interests of the cryptocurrency community, taking part in the formation of the regulatory framework around crypto assets in the United States. Their efforts have already led to the successful passage of legislation in Oklahoma and are influencing the development of cryptocurrency policies in other states.
