As work on a strategic Bitcoin reserve continues in the United States, Oklahoma Republican Senator Dusty Deevers has introduced a bill that would allow employees and residents in the state to receive their salaries in Bitcoin and allow merchants to accept BTC payments.
The “Bitcoin Freedom Act,” introduced to the Oklahoma legislature by Senator Dusty Deevers, aims to provide an alternative to the inflation-stricken U.S. dollar by giving employees and merchants in the state the option to transact with Bitcoin.
Deevers said the following about his proposal in a statement:
“At a time when inflation is reducing Oklahomans’ purchasing power, Bitcoin (BTC) presents a unique opportunity for people to protect their earnings and investments.
The bill ensures that participation is entirely voluntary, respects free market principles and allows employees, employers and businesses to choose their own payment options.”
Senator Deevers also praised Donald Trump’s pro-Bitcoin campaign, saying, “There’s a reason President Trump campaigned heavily as a pro-Bitcoin candidate and spoke at major Bitcoin events. Bitcoin has entered the mainstream of our economy and is undoubtedly an important part of the financial future.”
The Bitcoin Freedom Act, introduced by Dusty Deevers, is expected to be taken up in the 60th legislative session that begins on February 3.
In May of last year, the state of Oklahoma took a significant step by passing a bill that guarantees residents the right to self-custody their digital assets.
*This is not investment advice.
