Oklahoma Senator Proposes Bitcoin Freedom Act for Payments

Oklahoma Senator Dusty Deevers has introduced the Bitcoin Freedom Act, a measure aimed astatine allowing employees and businesses successful the authorities to take Bitcoin (BTC) for payments and salaries. 

Deevers filed the authorities connected January 8, emphasizing that Bitcoin tin support Oklahomans’ net successful the look of inflation. “Bitcoin offers a unsocial accidental to safeguard investments erstwhile the dollar is losing value,” said Deevers.

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The bill, SB325, respects free-market principles, ensuring that information is voluntary. It gives individuals, businesses, and employers the state to opt for BTC arsenic a mean of exchange. 

The enactment besides aims to found a unafraid model for Bitcoin transactions successful Oklahoma, promoting its usage successful salaries, investments, and transactions. Deevers has agelong been captious of ostentation and the US Dollar’s declining value, blaming Washington’s policies. 

He besides voiced his absorption to Central Bank Digital Currencies (CBDCs), which helium believes could pb to authorities surveillance and overreach. “Bitcoin gives radical fiscal sovereignty,” Deevers added. 

This determination comes arsenic Oklahoma continues to marque strides successful cryptocurrency. In May 2024, Governor Kevin Stitt signed a instrumentality to enactment blockchain and Bitcoin mining businesses successful the state. 

The Bitcoin Freedom Act, slated for treatment successful Oklahoma’s legislative league starting February 3, 2025, positions the authorities arsenic a person successful embracing fiscal technology. 

Oklahoma’s progressive stance connected Bitcoin could connection caller fiscal options and bring innovation to the state’s economy.

Also Read: Poilievre Might Introduce Bitcoin Reserve if Elected PM successful Canada