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

Oklahoma Bill Proposes Bitcoin Salaries and BTC Acceptance for Businesses

user avatar

by Giorgi Kostiuk

4 months ago


A bill has been introduced in Oklahoma to propose Bitcoin salaries and BTC acceptance in business, aiming to protect residents' earnings from inflation.

Senator Dusty Deevers' Initiative

Republican state senator Dusty Deevers has introduced legislation to allow residents and employees in Oklahoma to opt for salaries in Bitcoin. "In a time when inflation is eroding the purchasing power of hard-working Oklahomans, Bitcoin provides a unique opportunity to protect earnings and investments," Deevers stated upon introducing the Bitcoin Freedom Act on January 8. He added, "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."

Objectives of Bill SB325

The proposed bill, SB325, is designed to be entirely voluntary, emphasizing free-market principles. It allows employees, employers, and businesses to decide whether to use Bitcoin for transactions, salaries, and investments. One of the bill’s primary objectives is to establish a secure framework for the use of Bitcoin by individuals, businesses, and the state. Deevers highlighted that the legislation positions Oklahoma as a national leader in embracing financial technology, providing citizens with more financial options.

Criticism of Inflation and Bitcoin as an Alternative

Deevers, an outspoken critic of inflation, said, "If Washington D.C. can ruin something, it likely will. And it is certainly ruining the US dollar." He reiterated his commitment to protecting the financial well-being of his constituents, saying, "One of my biggest campaign promises was to fight for the financial well-being of those I represent." On January 9, Deevers also voiced opposition to central bank digital currencies (CBDCs), warning they could lead to government overreach and undermine financial privacy. "Bitcoin promotes financial sovereignty," he said, emphasizing its decentralized and censorship-resistant qualities, which safeguard individuals from government interference or inflationary manipulation.

The bill will be considered during the 60th legislative session starting February 3. Its adoption could affirm Oklahoma's status as a leader in financial technology and offer residents protection from inflationary risks.

0

Share

Other news

MAGACOINFINANCE: Crypto Investors Turning Attention to New Token

The cryptocurrency MAGACOINFINANCE is drawing attention as XRP and Solana continue to show strength.

user avatarGiorgi Kostiuk

13 minutes ago

AI Agents from Unstaked: Revolutionizing Crypto Usage

Unstaked introduces AI agents that promise automation and real results for users in the crypto world.

user avatarGiorgi Kostiuk

17 minutes ago

Michael Saylor: BlackRock IBIT Could Become the Largest ETF in the World

Michael Saylor predicts BlackRock's Bitcoin ETF will rank first among ETFs within ten years.

user avatarGiorgi Kostiuk

34 minutes ago

DeFi Development Corp Plans to Raise $1 Billion for Solana Token Purchases

DeFi Development Corp files with SEC to raise $1 billion targeting an increase in its Solana token holdings.

user avatarGiorgi Kostiuk

34 minutes ago

Raphael Coin Unveils Tokenized Renaissance Piece: A New Era for Art

Raphael Coin has launched the token 'Recto: Study for the Battle of the Milvian Bridge', offering fractional ownership of a Renaissance artwork.

user avatarGiorgi Kostiuk

35 minutes ago

MAGACOINFINANCE: New Opportunities and Growth Predictions

Analysis of the growing interest in MAGACOINFINANCE and the opportunities it offers against other cryptocurrencies.

user avatarGiorgi Kostiuk

36 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.