Summary of key points:
• Oklahoma law HB3594 allows self-custody of Bitcoin.
• The state ensures that there will be no ban or additional charges on cryptocurrencies.
• The law promotes local Bitcoin mining and usage.
Oklahoma Governor J. Kevin Stitt signed HB3594, a bill that allows its citizens to self-custody Bitcoin in an effort to promote an inclusive financial environment.
HB3594 was signed into law by the governor on May 13, putting Oklahoma at the forefront of U.S. efforts to regulate the cryptocurrency industry.
Oklahoma Allows Bitcoin Mining and Self-Custody
The new law states that Oklahoma will not ban cryptocurrency payments or create industry taxes or fees. However, it will authorize certain digital asset mining and mining-related businesses.
HB3594 will provide cryptocurrency users with self-custody wallets and benefits for purchasing goods or services. Cryptocurrency will also be a form of payment. At the same time, cryptocurrency mining will only be allowed if it meets local requirements.
“It will be lawful in Oklahoma to operate a node for the purpose of connecting to a blockchain protocol or a protocol built on top of a blockchain protocol and transferring digital assets on a blockchain protocol or participating in staking on a blockchain protocol,” the document states.
The Oklahoma Bitcoin Association reports that the state is the first in the U.S. to legally protect the right to mine and self-custody BTC.
Dennis Porter, CEO of the Satoshi Action Fund, sees the legislation as positive because it will encourage crypto companies to operate in Oklahoma. He even pointed out that Bitcoin mining could create wind and sustainable energy projects.
“Whether it’s managing the intermittency of wind farms or reducing methane emissions from abandoned oil wells, bitcoin mining can monetize wasted and trapped energy, benefit local infrastructure, and create opportunities for rural areas left behind by the technology boom,” Porter said.
Oklahoma joins 11 states, including Louisiana, Ohio, Mississippi and South Carolina, in taking steps to protect bitcoin. Meanwhile, growing regulatory pressure in the United States remains.
Conclusion
Oklahoma passed HB3594, showing the state's open and supportive attitude towards the cryptocurrency sector, especially the legislative protection of Bitcoin private key self-management and mining, which not only provides more financial freedom for local residents, but also creates a favorable business environment for cryptocurrency companies. This move may attract more technology and investment to the state, promote economic development and increase employment opportunities.
At the same time, by recognizing the connection between Bitcoin mining and sustainable energy projects, Oklahoma has also provided new ideas for the green development of the cryptocurrency industry. As more and more states begin to formulate and implement similar protective measures, the US cryptocurrency regulatory landscape is expected to gradually mature and stabilize, laying a solid legal foundation for the long-term development of the entire industry. #比特币法案 #自我保管
