Oklohoma Governor Enacts a New Law Protecting Bitcoin (BTC) Investors!

Republicans in the US continue to support the crypto market.

Oklahoma's governor recently signed a law stating that residents of the state can store digital assets in hardware wallets. According to the document, it will be legal for Bitcoin (BTC) miners to mine cryptocurrency at home, provided they comply with all local noise regulations.

Republican Governor Kevin Stitt has signed into law HB3594, introduced by Senators Brian Hill and Bill Coleman.

Dennis Porter, CEO and co-founder of the Satoshi Action Fund, said the passage of the bill sets a precedent and that similar laws will inevitably emerge in other states.

Since hardware wallets and private mining are not prohibited in the United States, the norms stipulated in the new law are declarative. The document can be considered as part of the election campaign in the USA.

In 2022, Republicans John Montgomery and Ryan Martinez introduced a bill that would provide $5 million in subsidies to miners to offset equipment and electricity costs.

In 2020, Republican Oklahoma officials proposed creating a government organization that would serve as a repository for digital currencies. This organization aimed to support blockchain development in the state and increase the effectiveness of the fight against money laundering.

Republicans' support for the crypto market appears to continue with Republican US presidential candidate Donald Trump.