Two Oklahoma senators introduce Bitcoin rights bill
Two congressmen from the Oklahoma Senate have proposed a bill that would protect bitcoin holders from increasing regulatory pressure from U.S. authorities. The bill authored by Senators Brian Hill and Bill Coleman proposes to approve the right of every resident of the state to buy, store and sell bitcoins, as well as to engage in the mining of cryptocurrency. The plan is to make cryptocurrency eligible for lower tax levies when it is used as a medium of exchange. However, specific mechanisms for protecting rights and tax rates are not specified in the text of the document, which means that so far the document looks like just a declaration of intentions. According to Dennis Porter, founder of the Satoshi Action Fund, who supported the bill, the document could give Americans the right to protect the fundamental rights to their digital assets. The businessman asked all interested parties to support the initiative so that it becomes law as soon as possible. UPDATE MAY 17, 2024 Oklahom