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Oklahoma Senator Pushes “Bitcoin Freedom Act” to Legalize BTC Payments
In a groundbreaking move, Oklahoma Republican Senator Dusty Deevers has proposed the “Bitcoin Freedom Act,” aiming to legalize bitcoin (BTC) payments within the state. Filed under SB325, this legislation seeks to integrate BTC into Oklahoma’s economy by allowing individuals and businesses to transact in the cryptocurrency.
According to Senator Deevers’ statement on January 8, the “Bitcoin Freedom Act” aims to offset the harms caused by inflation and position Oklahoma as a national leader in financial technology. The bill would enable workers to opt-in for Bitcoin payments if they choose to, while state employees choosing this option must agree on value timing with the government due to the volatile nature of cryptocurrencies.
The proposal has sparked considerable interest among analysts, who believe it could have far-reaching consequences for Oklahoma’s economic competitiveness and blockchain innovation. If enacted, the bill would permit businesses to accept BTC payments, allowing them to adjust their preference at each pay period’s start. This development may attract tech startups and financial service providers focused on blockchain solutions.
This move reflects a larger trend of states embracing cryptocurrency-friendly policies. Notably, Oklahoma’s initiative shares similarities with efforts in Texas and Ohio aimed at fostering blockchain innovation and digital asset integration. Public hearings and legislative discussions on SB325 are expected in the coming months, with experts closely monitoring its progress.
If passed, this bill could set a precedent for integrating bitcoin into state economies, potentially influencing federal-level policy discussions on cryptocurrency adoption.
Source: www.crypto-news.net
