Oklahoma Senator Dusty Deevers has proposed an exciting piece of legislation—the "Bitcoin Freedom Act" (SB325)—opening the door for businesses and employees to transact and pay in Bitcoin! 🎉 This bill not only allows employees to receive their wages in Bitcoin but also permits businesses to accept Bitcoin as a payment method, what a bold move! 💼
The bill aims to establish a legal framework for the use of Bitcoin in Oklahoma, ensuring legality in transactions, wages, and investments. For state employees who choose to be paid in Bitcoin, the bill requires an agreement with the state government to determine the timing for setting the value of Bitcoin. It is expected to take effect on November 1, 2025, which will be an important step in protecting residents from the impacts of inflation! 📈