Oklahoma has officially passed legislation that will protect Bitcoin custody rights. Specifically, the state has signed a bill, HB3594, into law protecting the custody of the leading cryptocy for its citizens. Moreover, the move protects Oklahomans from bans or extra fees for their crypto holdings.
The state’s governor, J. Kevin Stitt, officially signed the bill into law this week, which is a massive step forward in digital asset legislation for the United States. Specifically, the development establishes Oklahoma as a state at the forefront of regulatory legislation in the entire country.
Satoshi Action Fund CEO Dennis Porter recently discussed the massive breakthrough the development is. Porter called the legislation “hugely massive” while discussing its additional defense of the right to spend and mine Bitcoin, as well as the right to run a node.
Oklahoma is now one of just 11 states that have implemented Bitcoin safeguard legislation. Specifically, those include Louisana, Ohio, Mississippi, South Carolina, and now Oklahoma. The US, on a federal level, continues its scrutiny of the industry. However, these states have promoted the belief that regulatory clarity and the protection of digital asset rights can be upheld in the country.
U.S. Senator Chris Murphy (D-Conn.) is calling for legislation to ban prediction markets that allow traders to bet…
The U.S. Internal Revenue Service (IRS) has proposed a new rule that would allow cryptocy brokers to deliver…
Global fintech powerhouse Revolut has filed an application for a U.S. banking license, a move that would allow…
A man accused of stealing tens of millions of dollars in cryptocy from U.S. government…
Intercontinental Exchange (ICE) — the parent company of the New York Stock Exchange — has taken a strategic…
A new study from the Bitcoin Policy Institute (BPI) found that leading artificial intelligence models overwhelmingly favor Bitcoin…