• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Freedom Act Moves Forward in Oklahoma

user avatar

by Giorgi Kostiuk

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

US and Iran Reach Temporary Ceasefire, Boosting Cryptocurrency Prices

chest

The US and Iran have reached a temporary ceasefire agreement as they work towards a peaceful settlement of the ongoing conflict.

user avatarGustavo Mendoza

Stablecoins Could Surpass Traditional Payment Networks by 2035, Says Chainalysis

chest

A Chainalysis report forecasts that stablecoins could handle up to 15 quadrillion in annual trading volume by 2035, potentially exceeding traditional payment systems.

user avatarRajesh Kumar

OpenAI Launches New Framework to Tackle AI-Driven Child Exploitation

chest

OpenAI has published a comprehensive policy framework aimed at addressing the rise of AI-enabled child sexual exploitation.

user avatarMiguel Rodriguez

Hyperliquid Traders Face Liquidations Amid Oil Price Plunge

chest

Hyperliquid traders faced widespread liquidations as oil prices dropped, resulting in significant losses for nearly 3,000 users.

user avatarLuis Flores

Bitcoin Long-Term Holder Supply Turns Positive Again

chest

Bitcoin's long-term holder supply has shifted back into positive territory, indicating a change in investor behavior.

user avatarArif Mukhtar

Ethereum's Price Structure Compared to Netflix's Historical Trading Pattern

chest

Crypto analyst Crypto Tice compares Ethereum's price structure to Netflix's trading behavior from 2003 to 2009, suggesting a potential breakout after long-term stagnation.

user avatarMaria Gutierrez

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.