Oklahoma Governor Signs 'Bitcoin Rights' Bill into Law

This move is a milestone in the state’s regulatory landscape and boosts its reputation as a crypto-friendly hub.

HB3594, dubbed the “Bitcoin Rights” bill, was championed by Republican Rep. Brian Hill and carried by Sen. Bill Coleman.

Oklahoma Embraces Bitcoin: HB3594 Signed into Law

Its inception was inspired by model policy from Satoshi Action Fund, a state-focused bitcoin mining advocacy group. This group has played a pivotal role in introducing similar legislation in 15 other states across the nation.

The passage of HB3594 comes at a critical juncture for the cryptocurrency industry, particularly amidst heightened scrutiny and regulatory challenges at the federal level. Recent crackdowns on crypto mixing services and other privacy tools, coupled with criminal charges against developers of platforms like Samourai Wallet and Tornado Cash, have stirred concerns about potential restrictions on self-custody practices. However, Oklahoma’s proactive stance with the ‘Bitcoin Rights’ bill sends a clear message of support for individual sovereignty and financial freedom.

By enshrining the rights of Oklahomans to engage in cryptocurrency activities without undue interference, Governor Stitt and state legislators have positioned Oklahoma as a trailblazer in fostering innovation and economic growth in the digital asset space. The move not only provides clarity and legal protection for individuals and businesses operating within the state but also sets a positive precedent for other jurisdictions grappling with similar regulatory considerations.

Furthermore, the collaborative efforts between state lawmakers and advocacy groups like Satoshi Action Fund highlight the importance of grassroots activism in shaping crypto-friendly policies at the state level. By leveraging model legislation and coordinating advocacy efforts, these groups have been instrumental in advancing the interests of crypto enthusiasts and industry stakeholders nationwide.



The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.