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Bill > SB2064
OK SB2064
OK SB2064Bitcoin; authorizing persons to receive payment in bitcoin; requiring State Treasurer to create certain request. Effective date.
summary
Introduced
02/02/2026
02/02/2026
In Committee
02/03/2026
02/03/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act relating to Bitcoin; stating legislative intent; stating purpose of act; defining terms; exempting certain firms from certain licensing requirements; authorizing state employees, private businesses, and individuals to negotiate and receive payments in Bitcoin; authorizing certain employees and vendors to elect to receive compensation in Bitcoin; prescribing requirements; prescribing value; providing for deposit of funds; requiring the State Treasurer to create certain request for proposal; stipulating consideration; requiring the State Treasurer to enter certain contract by certain date; authorizing the State Treasurer to promulgate rules; requiring the Oklahoma Tax Commission to issue certain guidance; providing for noncodification; providing for codification; and providing an effective date.
AI Summary
This bill authorizes state employees, private businesses, and individuals in Oklahoma to negotiate and receive payments and compensation, including salaries and wages, in Bitcoin, a decentralized digital currency. It clarifies that Bitcoin is not legal tender but a financial instrument and medium of exchange, and that firms dealing with digital assets that do not accept U.S. currency payments or exchange digital assets for U.S. currency will be exempt from state money transmitter licensing requirements. The bill also requires the State Treasurer to solicit proposals from firms to handle Bitcoin payments for state employees and vendors, considering factors like fees, speed, and cybersecurity, and to enter into a contract by January 1, 2027. Additionally, the State Treasurer is empowered to create rules, and the Oklahoma Tax Commission must issue guidance on the tax implications of receiving digital assets as payment by the same date, with the entire act becoming effective on November 1, 2026.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Second Reading referred to Revenue and Taxation (on 02/03/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=sb2064&Session=2600 |
| Fiscal Note/Analysis - Senate: SB2064 INT FI | https://www.oklegislature.gov/cf_pdf/2025-26%20SUPPORT%20DOCUMENTS/impact%20statements/fiscal/Senate/SB2064%20INT%20FI.PDF |
| Fiscal Note/Analysis - Senate: Introduced | https://www.oklegislature.gov/cf_pdf/2025-26%20SUPPORT%20DOCUMENTS/BILLSUM/Senate/SB2064%20INT%20BILLSUM.PDF |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20INT/SB/SB2064%20INT.PDF |
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