- The Bitcoin Freedom Act lets Oklahomans settle for their wages in Bitcoin
- Oklahoma State Senator Deevers mentioned Washington is “ruining the US dollar”
- The Bitcoin Freedom Act is eligible for consideration in the sixtieth legislative session starting on February 3
Oklahoma State Senator Dusty Deevers has filed laws permitting workers to obtain wages in Bitcoin and companies to simply accept Bitcoin funds.
Introducing the Bitcoin Freedom Act, Deevers mentioned: “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 continued: “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.”
The invoice, referred to as SB325, states underneath part 4 that: “Any employee of this state, business, corporation, other entity, and resident of this state may negotiate and receive payment and compensation, including salaries, wages, and other forms of compensation, in Bitcoin.”
Embracing the way forward for finance
Deevers identified that Bitcoin is turning into more and more seen as a hedge in opposition to inflation, not like conventional currencies such because the US greenback. Taking to X, Deevers posted: “If Washington DC can ruin something, it likely will. And it is certainly ruining the US dollar.”
Continuing, Deevers wrote: “This small but possibly revolutionary change has the potential to offset the harms suffered due to inflation and make Oklahoma a national leader who embraces the future of financial technology.”
If Washington D.C. can break one thing, it probably will. And it’s actually ruining the US Dollar.
Inflation attributable to reckless spending and cash printing is eroding the buying energy of Oklahomans. It is previous time to start out taking a look at choices much less weak to D.C.… pic.twitter.com/PrMGWdi7fe
— Dusty Deevers (@DustyDeevers) January 8, 2025
Deevers additionally praised President-elect Donald Trump who spoke at Bitcoin occasions throughout his presidential election.
“Bitcoin has arrived into the mainstream of our economy and is unquestionably a significant part of the financial future,” he added.
The Bitcoin Freedom Act is eligible for consideration in the sixtieth legislative session starting on February 3.
