Governor Stitt Signs Pioneering Bitcoin Legislation

Oklahoma is making national headlines with this first-of-its-kind legislation signed into law by Kevin Stitt!

Oklahoma now boasts the most favorable regulatory environment in the United States for Hashpower and others, which serves as a beacon of freedom to the global community!

• House Bills 3594 and 1600 have increased grid reliability and lowered electricity bills for all Oklahomans.

  • HB 3594 protects the rights to self-custody assets, transact using digital assets, and operate a node. It also bans additional taxation on digital assets, limits on decibels generated from operations in industrially zoned areas, municipalities regulating $B differently than data centers, and the Oklahoma Corporation Commission and Utilities from establishing discriminatory rates.

  • HB 1600 clarifies that $B miners are treated as data centers, free to enjoy the manufacturer's tax exemptions in Oklahoma, which should incentivize capital investment.

• These bills were passed as draft legislation from the Oklahoma Bitcoin Association in partnership with The Satoshi Action Fund, a national policy leader operating in 24 states.

  • SAF expects to make Oklahoma the national leader for additional draft data center legislation.

• Hashpower, in partnership with Voltus, Inc., has pioneered Demand Response curtailments and Price Response curtailments directly in the Southwest Power Pool (SPP) market, a 14-state regional transmission organization.