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STATE OF OKLAHOMA
2nd Session of the 59th Legislature (2024)
SENATE BILL 1838 By: Dahm
AS INTRODUCED
An Act relating to state government; prohibiting the
enaction of licensure fo r engaging in digital
financial asset business activity; defining term;
providing for codification; and providing an
effective date.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 9300 of Title 74, unless there
is created a duplication in numbering, reads as fo llows:
A. The Legislature, a state entity, or a political subdivision
shall not enact any law, rule, or ordinance to require licensure
from anyone engaging in digital financial asset business activity in
this state.
B. As used in this section, “digital financial asset business
activity” means any of the following:
1. Exchanging, transferring, or storing a digital financial
asset or engaging in digital financial asset administr ation, whether
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directly or through an agreement with a digital financial asset
control services vendor ;
2. Holding electronic precious metals or electronic
certificates representing interests in precious metals on behalf of
another person or issuing share s or electronic certificates
representing interests in precious metals ; or
3. Exchanging one or more digital re presentations of value used
within one or more online games, game platforms, or family of games
for either of the following:
a. a digital financial asset offered by or on behalf of
the same publisher from which the original digital
representation of value was received , or
b. a legal tender or bank or credit union credit outside
the online game, game platform, or family of games
offered by or on behalf of the same publisher from
which the original digital representation of value was
received.
SECTION 2. This act shall become effective November 1, 2024.
59-2-2414 MR 1/17/2024 4:45:54 PM