Oklahoma’s Republican Senator Dusty Deevers has launched the Bitcoin Freedom Act (SB325), a bill that would allow state employees and residents to use Bitcoin as a payment method for salaries and transactions. The legislation also enables vendors to accept Bitcoin payments.
“In a time when inflation is eroding the purchasing power of hard-working Oklahomans, Bitcoin provides a unique opportunity to protect earnings and investments,” said Deevers, announcing the bill on January 8.
He further emphasized, “As Bitcoin continues to rise and the value of the dollar continues to be printed away in Washington D.C., Oklahoma must act to protect our people.”
The proposed legislation ensures voluntary participation, respecting free-market principles and empowering employees, employers, and businesses to select their preferred payment methods.
Deevers highlighted that the legislation places Oklahoma in a leadership position nationally by embracing innovative financial technology. He added, “This act provides our citizens with more financial options and prepares the state for a rapidly evolving economic future.”
You might also like
More from Web3
D.Energy is ‘Making Clean Energy the New Currency of the Digital World’: CEO
Blockchain has an important half to play within the transition to renewable power, in accordance with decentralized buying and …
Robotic Process Automation Market: A Deep Dive into the Industry’s Key Applications and Technologies
► The Robotic Course of Automation Market dimension was valued at USD 2.24 Billion in 2023 and the …
Paul Atkins Returns to SEC Helm as Trump Reasserts Influence Over Agency Watchdog
Briefly Atkins was sworn in as SEC chair after a 52-44 Senate vote earlier this month confirmed his seat. The brand …
