🚀🔥Oklahoma is stepping up its crypto game! Governor Kevin Stitt has signed a comprehensive 'Bitcoin Rights' bill into law, securing Oklahomans' legal right to mine, transact with, and self-custody cryptocurrencies. This move is a huge win for crypto advocates and boosts Oklahoma's reputation as a crypto-friendly state.
The bill, HB3594, was inspired by the Satoshi Action Fund's model policy and has been introduced in 15 other states. It protects the right to self-custody crypto in a self-hosted or hardware wallet, and to use crypto for legal purchases without extra tax.
Mining crypto, both at home and on an industrial scale, is now legal for Oklahoma residents, provided they comply with local noise ordinances. This safeguards against future attempts to ban crypto mining, seen in states like New York and North Carolina.
The law takes effect on November 1, 2024. What are your thoughts on this? Do you think more states will follow suit? Let's discuss! #BitcoinRights #CryptoLaw 🎉🚀