Oklahoma Senator Introduces Bitcoin Freedom Act for Salary Payments

Oklahoma Republican Senator Dusty Deevers has introduced the Bitcoin Freedom Act (SB325), enabling salaries and vendor payments to be made in Bitcoin. He cites rising inflation as a motive, asserting that Bitcoin can protect residents' purchasing power.

The act promotes voluntary participation and free-market principles.
It aims to establish a secure framework for Bitcoin use in Oklahoma.
Bitcoin will be authorized as a medium for transactions, salaries, and investments.
The legislation is set for consideration on February 3 during the 60th legislative session.

Deevers argues that Bitcoin's mainstream acceptance, influenced by Donald Trump's campaign, positions it as essential to the future economy. He emphasizes concerns over central bank digital currencies (CBDCs), highlighting their potential for government surveillance and control, contrasting this with Bitcoin's promise of financial sovereignty.