On May 13, OKL LEG passed bill re restrictions on digital asset mining.
OKL LEG enacted bill HB 3594 regarding blockchains, digital assets, home digital asset mining, digital asset mining business, limitations, liability; new s. 100 of Title 75A.
Prohibits certain actions that would otherwise hinder use or mining of digital assets.
Bill Provisions
Defines terms; directing that the government of Oklahoma to not take certain actions.
Prohibits subjecting payment with digital assets to additional tax, withholding, charge.
Clarifies scope of section; authorizes certain home digital asset mining; authorizes certain digital asset mining businesses; limiting certain actions by political subdivisions
Permits appeals of zoning; Oklahoma Corporation Commission to not create certain discriminatory rates; certain persons not required to obtain money transmitter license.
Permits certain operations; limits certain liability; requires adherence to jurisdiction of the Oklahoma Department of Securities; provides for noncodification and codification.
Legislative History
On Feb. 5, 2024, bill introduced in House; on Mar. 14, 2024, bill was passed in House.
On Mar. 18, 2024, bill introduced in Senate; on Apr. 24, 2024, bill passed in Senate.
On May 8, 2024, bill sent to governor; on May 13, 2024, bill approved by governor.
Effectiveness
Upon enactment, this act shall become effective on Nov. 1, 2024.
