Oklahoma State Senator Dusty Devers has introduced a bill to allow employees to be paid in bitcoin and allow businesses to accept the digital asset as payment.
The #Bitcoin Freedom Act, known as SB 325, is an Oklahoma bill. It seeks to establish a framework for the use of bitcoin and allows the use of bitcoin in transactions, salaries, and investments while ensuring compliance with legal requirements.
Any employee, business, corporation, other organization, or resident of the state may negotiate and accept payments and compensation, including salaries, wages, and other compensation in
For state employees who choose to receive their salaries in bitcoin, the bill requires an agreement with the state to determine whether or not SB 325 is established by the state. LIN_BREAK. Employees will be able to choose whether to receive their paychecks in bitcoins, U. S. dollars or both, and will be able to change their choice at the beginning of each pay period.
Devers said the legislation is a necessary step to protect Oklahomans from inflation.
At a time when inflation is eroding the purchasing power of hardworking Oklahomans, bitcoin offers a unique opportunity to protect incomes and investments, Devers contrasted bitcoin's fixed supply with the U. S. dollar printed in Washington, D. C. Not for nothing has President Trump campaigned on bitcoin and spoken at high-profile bitcoin-related events, Devers said. There is no question that bitcoin has entered the mainstream of our economy and is an important part of our financial future.
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