Bill > HB3594

This bill defines key terms related to blockchains, digital assets, and digital asset mining. It prohibits the state of Oklahoma from restricting the use of digital assets as a payment method or the self-custody of digital assets using self-hosted or hardware wallets. The bill also authorizes home digital asset mining and digital asset mining businesses in certain areas, limits the ability of political subdivisions to impose additional requirements on these businesses, and prohibits the Oklahoma Corporation Commission from establishing discriminatory electricity rates for digital asset mining. Additionally, the bill exempts individuals and businesses engaged in digital asset mining, node operation, and staking services from requiring a money transmitter license, and limits their liability related to specific transactions. The bill also clarifies that it does not restrict the jurisdiction of the Oklahoma Department of Securities. The bill will become effective on November 1, 2024.