Oklahoma — Bitcoin and virtual-currency law
Document text
Research, not advice. Part of the Bitcoin research archive (October 2026). Claims labelled unverified, contested or fringe are reported, not endorsed; statuses of bills and rules are as of the date checked. Government, court and patent records are public domain; the research notes are CC BY 4.0.
Oklahoma — Bitcoin and virtual-currency law
- Jurisdiction: State of Oklahoma (US)
- Date checked: 2026-10-09 (all statuses below were checked on this date unless another date is given)
- Regulators: Oklahoma State Banking Department (money transmitters; digital asset kiosks); Oklahoma Department of Securities; Attorney General (fraud refunds under the kiosk law)
- Governor: Kevin Stitt (vetoed the 2025 kiosk bill; overridden)
- Legislature: 60th Legislature; 2026 session ended May 2026; next session February 2027.
- Saved primary sources:
sources/states/ok/(seesources/states/ok/INDEX.md)
At a glance
| Topic | Oklahoma position | Key cite | Status (checked 2026-10-09) |
|---|---|---|---|
| Money-transmitter law | Oklahoma Money Transmission Modernization Act (CSBS MTMA) — "money or monetary value" = currency or a claim convertible to currency, including a fully reserved, redeemable, fiat-pegged stablecoin (so Bitcoin itself is not "money"); $500,000 minimum security for licensees that run digital asset kiosks or provide digital-asset services | HB 3521 (2026), 6 O.S. § 1551 et seq. per CSBS | Became law without the Governor's signature 2026-05-13; effective 2026-11-01 [S3][S5] |
| Miners and node operators | Not required to obtain a money-transmitter licence for mining or running nodes; payments in digital assets may not carry extra tax; home mining protected; Corporation Commission may not set discriminatory rates | HB 3594 (2024), new Title 75A "Technology" | Approved by Governor 2024-05-13 [S2] |
| Crypto ATMs / kiosks | Digital asset kiosk operators must be licensed money transmitters; $2,000/day for new customers; fees capped at 15%; refunds for fraud reported to the operator and the Attorney General within 14 days (full refund for new customers, fee refund for existing); 10-day advance notice of each kiosk location; quarterly reports; civil suits allowed | SB 1083 (2025) | Vetoed 2025-05-22; veto overridden (Senate 37-9 on 5-27, House 78-4 on 5-29); effective 2025-11-01 [S1] |
| Mining tax break | Manufacturing sales-tax exemption extended to certain digital asset mining purchases | HB 1600 (2024) | Enacted [S6] |
| Bitcoin reserve | HB 1203 (2025) Strategic Bitcoin Reserve Act passed House 77-15 but failed in Senate Revenue and Taxation (2025-04-14) | HB 1203 | Failed 2025; still listed in 2026 [S4][S6] |
| Tax | Payments in digital assets cannot be subjected to added tax, withholding or charges (HB 3594). No Oklahoma Tax Commission crypto guidance found (gap) | 75A O.S. | [S2] |
1. Money-transmitter licensing of virtual currency
- Before 2026-11-01: Oklahoma's older money-transmission law applied; kiosk operators were already required (from 2025-11-01) to be licensed under it by SB 1083. [S1] Whether a pure Bitcoin exchange or custodian needed a licence under the older law was not established from sources read (gap).
- HB 3521 (2026) — Oklahoma Money Transmission Modernization Act (Rep. Marti; Sen. Reinhardt). Senate passed 37-9 (2026-05-04); House concurred 65-23 (2026-05-06); became law without the Governor's signature 2026-05-13; effective 2026-11-01 (Section 56). Saved in full. [S3]
- § "21. 'Money' or 'monetary value' means currency or a claim that can be converted into currency through a financial institution, electronic payments network, or other formal or informal payment system. The term includes stablecoin that: a. is pegged to a sovereign currency, b. is fully backed by assets held in reserve, and c. grants a holder … the right to redeem the stablecoin for sovereign currency from the issuer." — the same approach as Texas, under which Bitcoin itself is not money (see
us-state-tx.md). [S3] - Required security of at least $500,000 for applicants and licensees "that operate digital asset kiosks or provide services related to digital assets" (vs. $200,000 or more for others). [S3]
- Amends 6 O.S. § 1520.1 (digital asset kiosk operators) to cross-reference the new act. [S3]
- CSBS: "OK Money Transmission Modernization Act," Tit. 6, §§ 1551 et seq., effective 2026-11-01; virtual-currency title: No. [S5][S7]
2. Virtual-currency-specific statutes
| Law | What it does | Status | Source |
|---|---|---|---|
| HB 3594 (2024) (Reps. Hill, Maynard; Sens. Coleman, Prieto) — "Blockchains" | Creates Title 75A "Technology." State may not restrict accepting digital assets as payment or self-custody; no extra tax, withholding, assessment or charge on payments made in digital assets; authorizes home digital asset mining and mining businesses in industrial zones; limits local zoning changes (with appeals); Corporation Commission may not create discriminatory rates for miners; miners and node operators need no money-transmitter licence; limits liability; Department of Securities keeps its jurisdiction | Approved 2024-05-13 | [S2] |
| HB 1600 (2024) | Sales-tax exemption for certain purchases for digital asset mining (manufacturing exemption) | Enacted 2024 (NCSL) | [S6] |
| HB 2776 (2024) | UCC amendments (Article 12 / hybrid transactions) | Enacted 2024 (NCSL) | [S6] |
| SB 1083 (2025) | Digital asset kiosks (section 3) | Law via veto override, effective 2025-11-01 | [S1] |
| HB 3521 (2026) | MTMA | Effective 2026-11-01 | [S3] |
3. Crypto ATM / kiosk law
SB 1083 (2025) — Sen. Weaver; Reps. Lepak and Bashore. Senate 41-4 (2025-03-27); House 84-2 (2025-04-30); Senate adopted House amendments 28-15 (2025-05-15); Vetoed by Gov. Stitt 2025-05-22; veto overridden — Senate 37-9 (2025-05-27), House 78-4 (2025-05-29); filed with the Secretary of State 2025-05-29; effective 2025-11-01. Codified at 6 O.S. § 1520 and § 1520.1 (per HB 3521 cross-references). Saved in full. [S1][S3]
- Licence: a digital asset kiosk operator may not transact unless licensed as a money transmitter; violations are punishable by a fine of $600–$2,000 per violation or county-jail imprisonment of at least 30 days (penalty text as read); injured persons may file civil suits.
- Notice: tell the Banking Department at least 10 days before activating a kiosk at a location; quarterly location reports within 45 days of quarter-end.
- Disclosures and warnings, including a daily-limit disclosure; receipts; written anti-fraud policy; blockchain analytics; compliance officer who owns no more than 20%.
- Refunds: a new customer fraudulently induced gets a full refund of all fraudulent transactions, including fees, if they contact the operator and the Office of the Attorney General within 14 days of the last fraudulent transaction; an existing customer gets fees refunded on the same conditions.
- Daily limit: no more than $2,000 per day for a new customer across the operator's kiosks (no statutory limit stated for existing customers in the text read).
- Fee cap: all fees and spread may not exceed 15% of the dollar value.
- Live customer service Monday–Friday 8 a.m.–10 p.m. CST; Banking Department may adopt rules. [S1]
- The Banking Department issued a memo on the new kiosk licensing requirement (Legal 500 headline; not read). [N1] The AG has warned about "Bitcoin ATM" scams (2024 release title). [N2]
4. Tax treatment
- HB 3594 (2024): no "additional tax, withholding, assessment, or charge" may be imposed on a payment made with digital assets. [S2]
- HB 1600 (2024): sales-tax exemption for certain digital-asset-mining purchases (NCSL summary). [S6]
- Oklahoma income tax follows federal AGI (general knowledge; unverified); no Tax Commission crypto guidance found (gap).
5. Notable enforcement
- No Oklahoma-specific crypto enforcement action was located in this check (gap). Oklahoma is a participating state (Appendix A); its share of the $2.2M administrative penalty is $10,000.00 (Appendix B) Coinme consent order, App. A–B (completeness check, 2026-10-09).
6. Pending and recently failed bills
| Bill | Subject | Status (checked 2026-10-09) | Source |
|---|---|---|---|
| HB 1203 (2025) Strategic Bitcoin Reserve Act (Rep. Cody Maynard; Senate author changed from Frix to Guthrie) | Treasurer and pension funds may invest in Bitcoin | Passed House 77-15 (2025-03-24); failed in Senate Revenue and Taxation (2025-04-14); NCSL still lists as "pending" in 2026 | [S4][S6] |
| HB 1891 (2025) | Treasurer may invest in precious metals and digital assets; staking | Pending per NCSL (status unverified) | [S6] |
| SB 325 / SB 2064 | Bitcoin payments for state employees and vendors; licensing exemptions | Pending per NCSL (status unverified) | [S6] |
| SB 1985 (2026) "Strategic Pension Protection Act" | Retirement funds may invest in certain digital assets | Pending per NCSL (status unverified) | [S6] |
| SB 1915 (2026) | Alternative MTMA bill | Senate Business and Insurance since 2026-02-03 (superseded by HB 3521) | [S4] |
| SB 2025 (2026) "Virtual Currency Kiosk Consumer Access and Protection Act" | Kiosk licensing changes | Senate Business and Insurance since 2026-02-03 | [S4] |
| SB 611 | "Citizen's Bill of Rights" (currency, gold/silver, digital ID) | Pending (NCSL) | [S6] |
The 2026 session ended in May 2026; Oklahoma bills carry over within the two-year legislature only until the 2026 session ends, so remaining bills are effectively dead (procedure — general knowledge; unverified).
7. Contested and fringe claims (flagged, not endorsed)
- Governor's veto of the kiosk law. Gov. Stitt vetoed SB 1083; the legislature overrode him by wide margins. His veto reasons were not read (gap); such vetoes are commonly framed as avoiding over-regulation of a lawful industry. [S1]
- "Bitcoin Rights" / "right to mine." Supporters (e.g., Rep. Brian Hill; national groups such as Satoshi Action Fund — attribution unverified) frame HB 3594 as protecting individual rights; critics cite noise and grid concerns from mining. [S2]
- Strategic reserve. The House passed it with claims of inflation protection; the Senate committee killed it — a common pattern in 2025. [S4]
Sources
Saved full copies are in sources/states/ok/.
- [S1] Oklahoma Legislature, SB 1083 (2025) enrolled text and history (BillInfo). https://www.oklegislature.gov/cf_pdf/2025-26%20ENR/SB/SB1083%20ENR.PDF ; history https://www.oklegislature.gov/BillInfo.aspx?Bill=SB1083&Session=2500 — retrieved 2026-10-09 — saved
ok-2025-sb1083-digital-asset-kiosks-enrolled.pdf - [S2] Oklahoma Legislature, HB 3594 (2024) enrolled text and history (approved 2024-05-13). https://www.oklegislature.gov/cf_pdf/2023-24%20ENR/hB/HB3594%20ENR.PDF ; https://www.oklegislature.gov/BillInfo.aspx?Bill=HB3594&Session=2400 — saved
ok-2024-hb3594-blockchain-home-mining-enrolled.pdf - [S3] Oklahoma Legislature, HB 3521 (2026) enrolled text and history. https://www.oklegislature.gov/cf_pdf/2025-26%20ENR/hB/HB3521%20ENR.PDF ; https://www.oklegislature.gov/BillInfo.aspx?Bill=HB3521&Session=2600 — saved
ok-2026-hb3521-money-transmission-modernization-act-enrolled.pdf - [S4] Oklahoma Legislature BillInfo pages for HB 1203 (Session 2500), SB 1915 and SB 2025 (Session 2600). https://www.oklegislature.gov/BillInfo.aspx?Bill=HB1203&Session=2500 — read 2026-10-09
- [S5] CSBS, MTMA State Enactments (PDF dated 2026-10-08). https://www.csbs.org/sites/default/files/external-link-files/10.8.26%20MTMA%20State%20Enactments.pdf
- [S6] NCSL, 2024–2026 cryptocurrency legislation pages. https://www.ncsl.org/financial-services/cryptocurrency-digital-or-virtual-currency-and-digital-assets-2026-legislation — read 2026-10-09
- [S7] CSBS, MTMA legislative update (August 2026). https://www.csbs.org/mtma-legislative-update-august-2026
- [N1] Legal 500, "Oklahoma Issues Memo Detailing New Digital Asset Kiosk Licensing Requirement" (headline only). https://legal500.com/intelligence/united-states/finance-and-banking/oklahoma-issues-memo-detailing-new-digital-asset-k
- [N2] Oklahoma Attorney General, "Drummond warns consumers to avoid 'Bitcoin ATM' scams," March 2024 (title only). https://oklahoma.gov/oag/news/newsroom/2024/march/drummond-warns-consumers-to-avoid--bitcoin-atm--scams.html