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Oklahoma Senator Pushes “Bitcoin Freedom Act” to Legalize BTC Payments
In a move aimed at promoting financial freedom and innovation, Oklahoma Senator Dusty Deevers has introduced the “Bitcoin Freedom Act” (SB325), which seeks to legalize bitcoin (BTC) payments for goods, services, and taxes within the state. The proposed legislation would enable workers to opt-in to receive their salaries in Bitcoin or US dollars, with the option to adjust their preference at each pay period’s start.
According to Senator Deevers, the bill aims to address inflation concerns by providing an alternative to traditional fiat currencies. In a recent tweet, he emphasized that “it is past time” for Oklahoma to explore options less vulnerable to Washington D.C.’s reckless spending and money printing. The Senator further noted that his proposal would allow workers to choose between Bitcoin, US dollars, or both.
Industry experts believe the bill could have far-reaching implications for the state’s economy and competitiveness. If enacted, it could attract blockchain and cryptocurrency-focused startups and financial service providers, positioning Oklahoma as a hub for innovation in the sector.
The proposed legislation follows similar efforts by other states, such as Texas and Ohio, which aim to foster a more favorable environment for digital assets. The “Bitcoin Freedom Act” is expected to undergo public hearings and legislative discussions in the coming months. Should it pass, the bill could potentially influence federal-level policy discussions on cryptocurrency adoption.
Senator Deevers’ initiative reflects the growing trend of states exploring ways to integrate cryptocurrencies into their economies. Oklahoma’s move would likely set a precedent for other jurisdictions, sparking a wider conversation about the role of digital assets in modern economic systems.
Source: www.crypto-news.net
