A bill has been proposed in Oklahoma to allow residents and employees to receive salaries in Bitcoin. This initiative aims to provide an alternative to the inflation-hit US dollar.
The Bill Proposal
Oklahoma Republican Senator Dusty Deevers introduced the 'Bitcoin Freedom Act', which could allow employees and residents in the state to receive Bitcoin salaries and accept BTC payments.
Senator's Statement
Senator Deevers highlighted that amidst reduced purchasing power due to inflation, Bitcoin presents a unique opportunity to protect earnings and investments. He emphasized the voluntary participation in this initiative, aligning with free market principles.
Implementation Prospects
The 'Bitcoin Freedom Act', introduced by Dusty Deevers, is set to be taken up in the 60th legislative session starting February 3, which is expected to be a significant step in legitimizing digital currencies in the region.
Senator Dusty Deevers' initiative could significantly impact Oklahoma's financial system, providing residents with new opportunities to manage their finances.
