Oklahoma has become the first US state to pass a law protecting the right to self-custody Bitcoin.
The new law states that citizens cannot be prevented from holding and managing digital assets. hardware wallet. It also states that state governments cannot prohibit or restrict the use of cryptocurrencies to purchase legitimate goods and services.
The so-called “Bitcoin Rights” bill (HB3594) signed into law Oklahoma Republican Gov. Kevin Stitt said Monday that the nonprofit Satoshi Action Fund said more states will follow suit.
“At the end of the day, I think legislators across the country are very open to this type of policy,” said Dennis Porter, CEO and co-founder of the foundation. Decryption.
Also mentioned in the bill digital asset miningAllow the public to participate in the industry within limits.
“In the State of Oklahoma, it is legal for a person engaged in home digital asset mining to participate in home digital asset mining, as long as the person doing so complies with all local noise ordinances,” the law states.
Crypto mining involves minting new coins and keeping digital coin networks running. This is an energy-intensive industry that uses large amounts of hardware, space, and resources. Most current Bitcoin mining operations are industrial-scale operations; make a lot of noise.
The Satoshi Action Fund drafted the bill, which has been introduced in 15 other states. Porter said the Oklahoma Bitcoin Association played a major role in educating legislators about the benefits of bitcoin and making Oklahoma the first state to pass the bill.
Virtual currencies have become an increasingly hot political topic. evolve along partisan lines. At least at the national level, Democrats typically focus on: potential threat Republicans are tech oppose regulations They say it's a hamstring innovation in a globally competitive market.
Porter said similar laws will inevitably be enacted in other states, and said this is not a “left versus right” issue.
“Elizabeth Warren is a key figure in the Biden administration.” he said, referring to U.S. Sen. Elizabeth Warren, an outspoken cryptocurrency critic. “that'She really resembles Elizabeth Warren and her bank stooge friends who are influencing federal policy.”
“As this technology gains more attention and comes under more and more scrutiny, we find that people on the left are not just believing what the mainstream media tells them about this technology, but are watching it carefully,” Porter he added.
Edited by Ryan Ozawa.
