Recently, U.S. Senator Dusty Deevers from Oklahoma submitted the Bitcoin Freedom Act, allowing local residents and employees to choose to receive their salaries in Bitcoin and encouraging merchants to accept Bitcoin payments.
Republican localities promote Bitcoin as a payment option.
As a response to the current economic challenges and confidence in the future of cryptocurrency, Republican Senator Dusty Deevers revealed in the Bitcoin Freedom Act released yesterday that it will allow state employees and residents to choose to receive their salaries in Bitcoin and encourage merchants to accept Bitcoin as a payment option.
The content shows that the bill is completely based on voluntary principles. Deevers emphasizes respect for the free market concept and grants employees, employers, and businesses the autonomy to choose their payment methods.
Bill number SB325 aims to provide a secure framework for the use of Bitcoin in Oklahoma for private enterprises and residents, while authorizing Bitcoin as a legal medium for transactions, salaries, and investments.
Bitcoin has become a solution to the inflation challenge.
Addressing the underlying reasons, Deevers pointed out that inflation is eroding the purchasing power of Oklahoma residents, while Bitcoin provides a unique opportunity to protect income and investments. As he tweeted:
The endless money printing in Washington, D.C. is destroying the dollar. With the rise in Bitcoin's value, Oklahoma must take action to protect our people.
(Bitcoin drops! The Federal Reserve is concerned about inflation, adopting a cautious stance on interest rate cuts, implicitly referencing Trump's immigration and tariff policies impact.)
He also praised the incoming President Trump for supporting Bitcoin, believing that Bitcoin has entered the mainstream of the international economy and is an important part of the financial future.
This legislation will allow Oklahoma to play a pioneering role within the United States and ensure that the state embraces the future of financial technology, providing residents with more financial options.
Deevers criticizes Central Bank Digital Currency.
Additionally, Deevers shares the same stance as Trump, criticizing Central Bank Digital Currencies (CBDCs) as they foster excessive government intervention and surveillance, undermining personal financial privacy and freedom.
The decentralized and censorship-resistant design of Bitcoin allows individuals to have complete control over their funds without government intervention or inflation risks.
(Former Thai Prime Minister Thaksin: Bitcoin has become a global trend, urging the trial of Bitcoin payments and CBDC to solve economic problems.)
The Bitcoin Freedom Act will be reviewed next month.
Oklahoma's support for cryptocurrency is not limited to this; the state has also previously worked through the Satoshi Action Fund (SAF) to pass the Bitcoin Rights Act, aimed at protecting residents' rights to self-custody of digital assets and providing clear tax guidance regarding Bitcoin transactions.
It is reported that the Bitcoin Freedom Act will be discussed at the 60th legislative meeting on February 3. Deevers stated that this bill is not only a good remedy for the existing inflation challenges but also an important step for Oklahoma to further promote financial technology innovation.
This article discusses Oklahoma Senator's proposal of the Bitcoin Freedom Act: Bringing BTC into wages and daily payments, originally appeared in Chain News ABMedia.
