In a significant move aimed at enhancing financial options for residents and businesses in Oklahoma, Senator Dusty Deevers has proposed legislation that would permit individuals to receive their salaries in Bitcoin . The proposed legislation, named the Bitcoin Freedom Act, also facilitates transactions in Bitcoin for vendors across the state. This initiative, introduced on January 8, is designed to counter the effects of inflation, which has diminished the purchasing power of many Oklahomans.
Senator Deevers emphasized that the act would be entirely voluntary, allowing employees, employers, and businesses the freedom to choose their payment methods. The bill aims to establish a secure framework for the adoption and use of Bitcoin within the state, recognizing it as a legitimate medium for transactions, investments, and salaries.
The senator highlighted Oklahoma’s potential role as a leader in the national dialogue around financial technology, asserting that the state should embrace these innovations to provide more options for its citizens. The introduction of this legislation signals a proactive approach to adapting to new financial trends, with the Bitcoin Freedom Act set for consideration in the upcoming legislative session starting February 3.
Deevers has voiced his concerns regarding inflation, which has been a growing issue in the U.S., impacting families and businesses alike. He criticized the management of the U.S. dollar by federal authorities, suggesting that policies emanating from Washington D.C. have detrimental effects on everyday Americans’ finances.
Moreover, the senator expressed his reservations about central bank digital currencies, arguing they may lead to increased government surveillance and control over transactions. In contrast, he advocates for Bitcoin ’s decentralized nature, which he believes empowers individuals by allowing them to maintain control over their finances without undue governmental interference. This sentiment reflects a broader movement towards recognizing and harnessing the potential of cryptocurrencies as viable financial alternatives.
