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Bitcoin Freedom Act Moves Forward in Oklahoma

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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.

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