š”ļø Oklahoma has passed a new law to protect Bitcoin ownership, joining other states in safeguarding citizens' rights to manage, mine, and self-custody cryptocurrency amidst increasing federal oversight.
š¼ Sponsored by Rep. Brian Hill and Senator Bill Coleman, this legislation allows individuals to self-custody crypto, mine Bitcoin, operate full nodes, and trade digital assets, potentially boosting the local economy.
š± By permitting Bitcoin mining to use excess energy, the law promotes environmental sustainability, attracts investments, and creates job opportunities.
š Dennis Porter of the Satoshi Action Fund believes this legislation is crucial for financial autonomy and economic growth and urges community support for its implementation.
āļø Despite state-level progress, U.S. regulatory actions persist, including measures against Samourai Wallet for illegal financial operations. Senator Elizabeth Warren advocates for stricter regulations on cryptocurrencies, citing concerns about illegal transactions.
š In conclusion, Oklahoma's proactive stance contrasts with national regulatory scrutiny, signaling a positive move towards legitimizing and protecting Bitcoin activities.
