Blockchains; digital assets; home digital asset mining; digital asset mining business; limitations; liability; effective date.

This Oklahoma law establishes a legal framework for digital assets and blockchain technology by defining key terms and protecting individuals' rights to use, store, and trade these assets. The bill prohibits the state from imposing extra taxes on digital asset transactions and limits capital gains tax liability to $200 per transaction, while also clarifying that operating nodes or mining services does not require a money transmitter license. It further allows residents to mine digital assets at home and permits industrial-scale mining businesses, provided they adhere to existing noise and zoning rules without facing discriminatory regulations. Additionally, the legislation ensures that businesses offering mining or staking services are not classified as securities and limits liability for participants validating transactions on the network.