TechFlow news — Legislators in Oklahoma have recently advanced a bill that, if finalized, would offer tax incentives to Bitcoin and cryptocurrency miners operating in the state.
The Commercial Digital Asset Mining Act of 2022, introduced by State Senator John Montgomery and State Representative Ryan Martinez, aims to reduce costs related to hardware and electricity for commercial mining operations.
Public records show the bill passed the Oklahoma Senate on March 22 by a vote of 29 to 16. It was transferred to the lower chamber of the legislature on March 23 and referred to its technology committee on March 30.
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