Oklahoma Senator Dusty Deevers has introduced a bill called the "Bitcoin Freedom Act" (SB325) that would legalize the use of Bitcoin in economic transactions in the state, from paying employees to paying suppliers.
Bitcoin: An Alternative to the USD
The bill would give people and businesses the option to use Bitcoin in transactions, which is seen as a way to protect assets from inflation. Senator Deevers emphasized:
"In a time when inflation erodes people's purchasing power, Bitcoin offers a unique opportunity to protect income and investment."
If passed, the bill will ensure the legality of Bitcoin in state agencies, private enterprises, and personal transactions, while complying with existing regulations.
Bitcoin: A Tool for Economic Innovation
Deevers believes that #bitcoin with its decentralized nature and fixed supply is a solution to combat the federal government's "reckless spending." He calls this an important step in promoting innovation, financial transparency, and economic growth.
He also links Bitcoin to the support of President-elect Donald Trump, who has publicly praised Bitcoin during his campaign and appointed cryptocurrency-supporting officials to key positions.
Oklahoma and Cryptocurrency
This is not the first time Oklahoma has been a pioneer in the field of cryptocurrency. In May 2024, the state passed the "Bitcoin Rights Bill" (HB3594), protecting the right to self-custody $BTC and use cryptocurrency in legal transactions.
The "Bitcoin Freedom Act" is expected to be considered in the 60th legislative session, starting on February 3, 2025.
Conclusion: The Future of Digital Finance
If passed, the "Bitcoin Freedom Act" could make Oklahoma one of the pioneering states in integrating Bitcoin, not only helping citizens combat inflation but also boosting the local economy.
This could be a revolutionary step, making Bitcoin an indispensable part of America's financial future.