Oklahoma considers tax incentives for bitcoin miners

Lawmakers in the U.S. state of Oklahoma have reportedly pushed forward a bill in recent days that, if finalized, would provide tax breaks to bitcoin and cryptocurrency miners operating in the state. The Commercial Digital Asset Mining Act of 2022, sponsored by State Senator John Montgomery and State Rep. Ryan Martinez, aims to reduce spending related to hardware and electricity used by commercial mining operations. The bill passed the Oklahoma Senate on March 22 by 29-16, public records show. The bill was moved to the legislature's lower house on March 23 and before its technical committee on March 30.