U.S. Senator Dusty Deevers from Oklahoma recently 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 local initiative to promote Bitcoin as a payment option.
As a response to the current economic challenges and confidence in the future of cryptocurrencies, 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 promote merchants to accept Bitcoin as a payment option.
The content indicates that the bill is entirely based on voluntary principles. Deevers emphasizes the respect for free market ideals 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 legitimate medium for transactions, compensation, and investment.
Bitcoin becomes a solution to inflation challenges.
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 posted on Twitter:
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 worries about inflation, adopts a cautious stance on interest rate cuts, hinting at the impact of Trump's immigration and tariff policies.)
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 choices.
Deevers criticizes Central Bank Digital Currencies.
Additionally, Deevers shares the same stance as Trump, criticizing Central Bank Digital Currencies (CBDC) as they promote 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, free from government interference or the harms of inflation.
(Former Thai Prime Minister Thaksin: Bitcoin has become a global trend, urging the trial implementation of Bitcoin payments and CBDC to address economic issues.)
The Bitcoin Freedom Act will be reviewed the following month.
Oklahoma's support for cryptocurrencies is not limited to this; the state has previously sought to protect residents' rights to self-custody of digital assets through the Satoshi Action Fund's efforts, via the Bitcoin Rights Act, which also provides tax guidance on Bitcoin transactions.
According to reports, the Bitcoin Freedom Act is set to be discussed at the 60th legislative meeting on February 3. Deevers stated that this bill is not only a cure for the current inflation challenges but also an important step for Oklahoma to further promote innovation in financial technology.
This article discusses Oklahoma Senator proposing the Bitcoin Freedom Act: bringing BTC into wages and daily payments, first appearing in Chain News ABMedia.
