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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Zoomex Launches World Trading Championship 2026 with Record Prize Pool

chest

Zoomex announces the launch of the World Trading Championship 2026 with a record prize pool of 5,000,000 USDT, featuring an expanded multi-asset competition format.

user avatarEmily Carter

Meta Platforms' Shares Surge Following AI Assistant Launch

chest

Meta Platforms' shares rose over 6% after the launch of its AI assistant, Muse, which helps users manage tasks and goals.

user avatarTomas Novak

Galaxy Announces $5 Million Funding for Bitcoin Quantum Security Research

chest

Galaxy announced up to $5 million in funding for Bitcoin quantum-security work, including developer grants, research, and an advisory council.

user avatarMaya Lundqvist

IonQ Launches Superion 256 Quantum Computer with Orders Open for 2027 Delivery

chest

IonQ has launched its Superion 256 quantum computer, opening orders for delivery in 2027.

user avatarKaterina Papadopoulou

Prediction Markets Show Shifts in Oil Price Expectations

chest

Prediction markets are reacting to oil price fluctuations, with traders speculating on whether crude will reach $120 or fall to $55 first.

user avatarAisha Farooq

Record Diesel Prices Hit Ahead of Midterm Elections

chest

Record diesel prices reached a high of 594 a gallon, raising concerns about consumer affordability ahead of the midterm elections.

user avatarLi Weicheng

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.