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OK SB1838

OK SB1838
State government; prohibiting the enaction of licensure for engaging in digital financial asset business. Effective date.


summary

Introduced
02/05/2024
In Committee
02/06/2024
Crossed Over
Passed
Dead
05/31/2024

Introduced Session

2024 Regular Session

Bill Summary

An Act relating to state government; prohibiting the enaction of licensure for engaging in digital financial asset business activity; defining term; providing for codification; and providing an effective date.

AI Summary

This bill prohibits the state government, state entities, or political subdivisions from enacting any law, rule, or ordinance that would require licensure for engaging in "digital financial asset business activity." The term "digital financial asset business activity" is defined to include activities such as exchanging, transferring, or storing digital financial assets, holding electronic precious metals or certificates, and exchanging digital representations of value used in online games. The bill is set to become effective on November 1, 2024.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Second Reading referred to General Government (on 02/06/2024)

bill text


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