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Task force or study body Confirmed
Senate interim study: 'A study on blockchain, virtual currencies, and potential implementation in Oklahoma' (IS 19-10 / IS 19-37) · Concluded
- Created by: Oklahoma Senate interim study requests (IS 19-10 by Sen. Nathan Dahm; IS 19-37 by Sen. Casey Murdock); first meeting Oct. 22, 2019
- Organized by: Oklahoma State Senate (interim study process)
- Led by: Sen. James Leewright, study committee chair (per Senate page for the Oct. 22, 2019 meeting)
- Members: Presenters at the first meeting covered blockchain policy, digital car titles/vital records, higher education uses, and crypto economics; no standing member list found.
- Outputs and timeline: Oct. 22, 2019 meeting agenda/presenters only; no final report found.
Sources: Oklahoma Senate interim study page (opened), Senate Interim Study 19-10 PDF (seen in search results, not opened)
No current or standing Oklahoma task force found. Only the 2019 Senate interim study (single documented meeting) surfaced. Oklahoma legislature website (oklegislature.gov) blocks automated fetching, so later interim studies could not be checked directly.
Bitcoin or digital asset reserve law Reported
HB 1203 (Strategic Bitcoin Reserve Act, Rep. Cody Maynard, 2025) would have let the State Treasurer invest up to 5% of the General Revenue/Stabilization and Constitutional Reserve funds in bitcoin, large-cap digital assets and stablecoins. The House passed it 77-15 on March 24, 2025, but it failed 5-6 in the Senate Revenue and Taxation Committee on April 14, 2025. House passage confirmed from the House press release; the committee failure comes from secondary trackers (oklegislature.gov could not be fetched).
Sources: OK House press release on House passage, Mar. 25, 2025, PolicyRisk bill tracker: HB1203 action history, CryptoSlate: HB 1203 status (dead, no 2026 action as of June 9, 2026), HB1203 engrossed text on oklegislature.gov (seen in search results, not opened)
Licensing Reported
Money transmitters are licensed by the Oklahoma State Banking Department under the Financial Transaction Reporting Act (Title 6, 1511 et seq.). HB 3521 (passed May 6, 2026) enacts the Oklahoma Money Transmission Modernization Act (Title 6, 1551 et seq.), effective Nov. 1, 2026, replacing that act and moving licensing to NMLS. Neither Banking Department page opened states whether virtual currency is itself covered; HB 3594 (2024) exempts mining, staking and node operation from money transmitter licensing, and digital asset kiosk operators must hold a money transmitter license (see kiosks).
Sources: Banking Dept bulletin: HB 3521 Money Transmission Modernization Act (opened), Banking Dept money transmitter licensing page (opened), CryptoSlate: HB 3594 (2024) mining/self-custody law
Crypto kiosks (ATMs) Reported
SB 1083 (enacted May 2025, licensing effective Nov. 1, 2025; codified at Title 6, 1520-1520.1 per the Banking Dept bulletin) requires digital asset kiosk operators to hold a money transmitter license, post a $500,000 bond and pay $50 per kiosk location, give notice before placing or moving kiosks and file quarterly location reports, designate a compliance officer, offer live support and receipts, and use blockchain analytics. Secondary sources report a $2,000 daily limit for new customers, a 15% cap on total fees, and fraud refunds for new customers (72 hours) and some existing customers (14 days). The Banking Dept memo (Oct. 15, 2025) was described by law-firm summaries but not opened.
Sources: Orrick summary, Oct. 31, 2025, Sheppard Mullin summary, Nov. 6, 2025, ATM Marketplace, Nov. 13, 2025, Banking Dept bulletin citing Title 6 1520-1520.1
Other 2025 to 2026 actions
- 2026-05-06: HB 3521 passed, enacting the Oklahoma Money Transmission Modernization Act (CSBS model), effective Nov. 1, 2026, with NMLS licensing and higher application fees.
- 2024-05-13 (background; effective Nov. 1, 2024): HB 3594 (signed by Gov. Stitt) protects crypto payments, self-custody and mining and exempts mining, staking and node operation from money transmitter licensing; reported by CryptoSlate (secondary).
Sources: Banking Dept bulletin, CryptoSlate
Source notes: HB 3521 took effect Nov. 1, 2026 (yesterday relative to the research date), so Banking Dept guidance may be changing. The Oklahoma Legislature site is robots-blocked, so bill actions rely on secondary trackers. A Jan. 2026 report of an Oklahoma bill on bitcoin pay for workers (FXLeaders) could not be opened or verified and is not included. SB 1083 enactment date given variously as May 29 (Orrick) vs. 'May 2025'; the Oct. 15, 2025 Banking Dept memo was not opened.
Frequently asked
Does Oklahoma have a crypto or blockchain task force?
Oklahoma has had 1 such body: Senate interim study: 'A study on blockchain, virtual currencies, and potential implementation in Oklahoma' (concluded). Our confidence in this entry is Confirmed. The entry above lists who created it, who organized and leads it, and where the public records are.
Does Oklahoma have a bitcoin or digital asset reserve law?
Our research shows the status as failed (confidence: Reported). HB 1203 (Strategic Bitcoin Reserve Act, Rep. Cody Maynard, 2025) would have let the State Treasurer invest up to 5% of the General Revenue/Stabilization and Constitutional Reserve funds in bitcoin, large-cap digital assets and stablecoins. The House passed it 77-15 on March 24, 2025, but it failed 5-6 in the Senate Revenue and Taxation Committee on April 14, 2025. House passage confirmed from the House press release; the committee failure comes from secondary trackers (oklegislature.gov could not be fetched).
Does Oklahoma regulate crypto kiosks (ATMs)?
Our research shows law (confidence: Reported). SB 1083 (enacted May 2025, licensing effective Nov. 1, 2025; codified at Title 6, 1520-1520.1 per the Banking Dept bulletin) requires digital asset kiosk operators to hold a money transmitter license, post a $500,000 bond and pay $50 per kiosk location, give notice before placing or moving kiosks and file quarterly location reports, designate a compliance officer, offer live support and receipts, and use blockchain analytics. Secondary sources report a $2,000 daily limit for new customers, a 15% cap on total fees, and fraud refunds for new customers (72 hours) and some existing customers (14 days). The Banking Dept memo (Oct. 15, 2025) was described by law-firm summaries but not opened.
This page is part of our 50-state crypto legislation and task force tracker. Each entry is labeled Confirmed, Reported, Unclear or None found; see the tracker for how we research it.