Oklahoma's new law, HB3594, allows Bitcoin self-custody and supports crypto mining and payments. Signed by Governor J. Kevin Stitt on May 13, this legislation positions Oklahoma as a leader in cryptocurrency regulation.
Oklahoma Governor J. Kevin Stitt has signed HB3594 into law, allowing residents to self-custody Bitcoin and promoting a crypto-friendly environment. The law, signed on May 13, places Oklahoma at the forefront of US cryptocurrency regulation efforts.
Under HB3594, Oklahoma will not impose bans or extra fees on crypto payments and will support digital asset mining and related businesses, provided they comply with local regulations. The law enables residents to use cryptocurrencies for payments and self-custody via wallets, encouraging broader adoption and innovation in the state.
The legislation also legalizes operating nodes to connect to blockchain protocols and participate in staking activities. This move is expected to boost Bitcoin mining and usage in Oklahoma, fostering a robust local crypto economy.
Governor Stitt's signing of HB3594 signals Oklahoma's commitment to creating a supportive regulatory environment for digital assets and blockchain technology, paving the way for future growth and development in the sector.
