Oklahoma Senator Proposes Bitcoin Freedom Act to Combat Inflation

Oklahoma State Senator Dusty Deevers has introduced the Bitcoin (BTC) Freedom Act (SB325) to provide alternative financial options amid rising inflation. The proposed legislation allows workers to receive wages in Bitcoin and businesses to accept cryptocurrency payments.

This move positions Oklahoma as a leader in embracing financial technology and addressing inflation concerns.

Oklahoma Bill Supports Bitcoin Payments for Goods

The Bitcoin Freedom Act seeks to give Oklahoma workers the choice to be paid in Bitcoin, a decentralized cryptocurrency. It also legalizes using BTC for purchasing goods and services, reflecting trends in fintech innovation.

The legislation emphasizes voluntary participation, ensuring employers and employees can opt out if desired.

If Washington D.C. can ruin something, it likely will. And it is certainly ruining the US Dollar.

Inflation caused by reckless spending and money printing is eroding the purchasing power of Oklahomans. It is past time to start looking at options less vulnerable to D.C.… pic.twitter.com/PrMGWdi7fe

— Dusty Deevers (@DustyDeevers) January 8, 2025

The bill aims to protect earnings from inflation caused by currency devaluation by enabling Bitcoin payments. Senator Deevers highlighted BTC’s fixed supply of 21 million coins to safeguard against inflationary pressures. Advocates argue that this measure enhances financial freedom and supports wealth preservation.

BTC’s Growing Adoption Drives Legislative Momentum

Bitcoin’s adoption is rising globally, with institutions, corporations, and some governments holding it as a strategic asset. The Bitcoin Freedom Act aligns with this trend, positioning Oklahoma at the forefront of cryptocurrency integration in the United States.

Senator Deevers believes this initiative prepares the state for a tech-driven financial future. The bill emerges as analysts predict more governments will adopt Bitcoin by 2025.

Countries like Bhutan and the Czech Republic are already exploring cryptocurrency in their economic plans. The legislation complements Oklahoma’s broader efforts to strengthen financial health and safeguard residents’ earnings.

Senator Deevers emphasized that SB325 takes a free-market approach to integrating BTC into the state’s economy. The bill does not mandate participation, allowing individuals and businesses to decide their engagement level.

This initiative also reflects a strategic effort to position Oklahoma as a leader in financial technology innovation. With the 60th legislative session starting February 3, SB325 will be among the measures debated by lawmakers.

The proposal aims to boost economic resilience, promote technological advancement, and address inflation-related challenges. Deevers remains committed to initiatives that protect the financial well-being of Oklahomans.

This legislation underscores the growing recognition of Bitcoin as a tool for economic stability and individual financial empowerment.

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