Oklahoma saddles up bill of rights for crypto wranglers and miners

Oklahoma's governor has signed a bill into law defining legal rights for one of the most marginalized groups in the US – cryptocurrency holders. Beginning November 1, 2024, every Oklahoman will have the inalienable right to self-custody of their digital assets and the right to mine cryptocurrency at home, with the only …

[Anonymous Coward]

I think a bill enacting some kind of relief fund for all the people who are scammed into buying crypto before being rugpulled or untraceably transferred to a scammer's wallet would be a better solution than actively encouraging yet more scamcoins.

[doublelayer]

Maybe, but it would require them to get funds and give them to scammed people, which brings up two more thorny questions:

1. Should governments refund people who got scammed using money obtained from people who were not?

2. If they do, why should crypto-themed scams receive special treatment?

[jake]

Are you seriously suggesting using tax dollars to compensate the gullible?

[Anonymous Coward]

As long as the relief fund is not from taxpayer's money, I'm OK with that. Why should we help the idiots?

[The Sprocket]

No funding for chumps who get scammed. The whole scamcoin thing should be busted and shutdown.

[Ashentaine]

From the sound of it, I wouldn't be surprised if the governor has a stake in at least a couple of the wind farms out there. But on the flip side, concentrating all the cryptobros in a state that is notoriously tornado-prone sounds like a fantastic idea.

[jake]

One notes that ...

... there is no language mandating that Oklahomans accept cryptocurrency in lieu of actual money.

[doublelayer]

Re: One notes that ...

Yes. From the details I can find, this is just a bill to let miners mine and users exchange it if they can rather than any legitimization or endorsement. You can't pay your taxes to Oklahoma in cryptocurrency either. The limits on regulating miners is important, but the part that talks about users doesn't seem to change anything because it explicitly allows them to do something they were already able and allowed to do.

[that one in the corner]

Dodgers and hammer that stein

There’s a blight, goldarn fees on the crypto,

There’s a blight, goldarn fees on the crypto.

The coin is as high as the governor’s eye,

An’ the books show we're minin’ clear up to the sky.

(Chorus)

Oh what a bill to be signin'

Oh what a law came today,

I've go a wonderful feelin'

Money's a coming my way

[Benegesserict Cumbersomberbatch]

Re: Dodgers and hammer that stein

O--Oklahoma! Where the blocks come sweepin' down the chain!

[Anonymous Coward]

The right to commit fraud in Oklahoma is absolute!

Kleptocurrency forever!