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Oklahoma Senator Proposes Bitcoin Freedom Act

Oklahoma Senator Proposes Bitcoin Freedom Act

Oklahoma Senator Dusty Deevers introduced the Bitcoin Freedom Act to allow salaries and payments in Bitcoin.

Dusty Deevers, a Republican state senator, has proposed the Bitcoin Freedom Act. This is a bill that would let people in Oklahoma receive their salaries in Bitcoin (BTC) and let businesses accept BTC payments.

The bill, which was filed on January 8, 2025, wants to give Oklahomans the freedom to use Bitcoin as a way to keep their finances stable as inflation rises.

“In a time when inflation is eroding the purchasing power of hard-working Oklahomans, Bitcoin provides a unique opportunity to protect earnings and investments,” said Deevers. “Oklahoma must act to protect our people.”

The bill being considered, SB325, stresses that participation is optional, so businesses, employers, and workers can choose whether to use Bitcoin.

The bill says that one of its goals is to create a safe way for state transactions, private companies, and individual investments to use Bitcoin. Another idea is to make Bitcoin a real currency that can be used for payments and salaries.

Deevers praised President-elect Donald Trump’s pro-Bitcoin stance, noting that Bitcoin has become mainstream and is vital to the financial future. “This legislation positions Oklahoma as a national leader while giving our citizens greater financial freedom,” he stated.

OK’s 60th parliamentary session starts on February 3, 2025, and the Bitcoin Freedom Act will be discussed.

Deevers has spoken out about his worries about inflation and Washington’s budget plans. “This is likely to go badly if Washington, DC, can.” This is bad for the US dollar, he said on social media.

As part of his campaign promises, Deevers promised to help his voters deal with the problems caused by inflation and come up with new ways to help them.

The senator, also a pastor, criticized central bank digital currencies (CBDCs), calling them tools for government overreach and surveillance. “CBDCs enable authorities to track, control, and restrict transactions, undermining financial privacy,” he warned.

Deevers, on the other hand, liked how Bitcoin was designed to be decentralized and hard to censor. He said this supported financial freedom and protection against inflationary manipulation.

During the outbreak, US inflation hit a four-decade high of over 9%. It has been going up again since late 2024 and is now at 2.7%, according to Trading Economics.

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