Bitcoin Freedom Act Moves Forward in Oklahoma

user avatar

by Giorgi Kostiuk

2 years ago

Oklahoma Senator Dusty Deevers is pushing a policy to make bitcoin a payment option for employees, businesses, and residents.

What the Bitcoin Freedom Act Proposes

The proposed bill, known as the Bitcoin Freedom Act, will allow vendors to receive bitcoin. It seeks to allow salaries to be paid in BTC and enables vendors to accept it as a payment method.

Impact on Economy and Inflation

Senator Deevers explains that bitcoin would help residents combat inflation and protect their investments and earnings. He noted, “As Bitcoin continues to rise and the value of the dollar continues to be printed away in Washington D.C., Oklahoma must act to protect our people.”

Official documents state the bill would help 'establish a framework for the secure use of Bitcoin by the State of Oklahoma, private businesses, and individual residents.'

Senator Deevers' Stance

Senator Deevers believes Donald Trump's support for BTC will be a boost to pushing the cryptocurrency mainstream. He noted, 'Bitcoin has arrived in the mainstream of our economy and is unquestionably a significant part of the financial future.' Although the senator supports BTC to fight inflation, he holds a strong view against central bank digital currencies (CBDCs), seeing them as a threat to personal freedom.

Bitcoin, he says, is a tool for true financial independence. Its decentralized nature puts people in full control of their money, free from government interference or inflation.

The push for the Bitcoin Freedom Act in Oklahoma reflects the growing role of cryptocurrencies in the state's economy and shows some lawmakers' willingness to use new technologies against inflation and for financial freedom.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

SEC Prioritizes Tokenization in Fiscal 2027 Examination

The SEC has included tokenization among its examination priorities for fiscal 2027, focusing on the reliability of blockchain securities infrastructure.

user avatarElias Mukuru

Bitcoin Hashrate Surpasses One Zettahash

BlocksBridge reports that Bitcoin's seven-day hashrate has surpassed one zettahash per second for the week ending October 22, marking its highest level since March 3.

user avatarDiego Alvarez

Capital Research and Management Boosts Voting Stake in Metaplanet to 11.11%

Capital Research and Management has increased its voting stake in Metaplanet to 11.11% as of October 16, following a share buyback.

user avatarKenji Takahashi

Sygnum and Debifi Launch MultiSYG: A New Bitcoin-Backed Lending Service

Sygnum and Debifi have launched MultiSYG, a Bitcoin-backed lending service that enhances security and control over collateral through segregated multisignature wallets.

user avatarMaria Fernandez

Franklin Templeton Moves Closer to Launching Bitcoin ETFs

Franklin Templeton has filed for two ETFs that combine US stock portfolios with Bitcoin allocations, aiming to simplify investment management.

user avatarGustavo Mendoza

HSBC Launches RedCoin, a Hong Kong Dollar Stablecoin

HSBC has launched RedCoin, a Hong Kong dollar stablecoin, for over 33 million PayMe users, enabling transactions without a crypto exchange.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.