Oklahoma Senator Proposes Bitcoin Freedom Act to Tackle Inflation

Oklahoma State Senator Dusty Deevers has introduced the Bitcoin Freedom Act, a new legislation designed to offer Oklahomans alternative financial solutions amid growing inflation concerns.

Senator Deevers stated in an X post that the proposed SB325 bill is designed to provide workers with the option to receive their wages in Bitcoin and enable businesses to accept the cryptocurrency for goods and services. 

He emphasized that participation is voluntary, adding that the bill “respects free-market principles” and allows both employees and employers to select their preferred payment methods.

“Inflation caused by reckless spending and money printing is eroding the purchasing power of Oklahomans,” Deevers wrote. 

Senator Deevers commended President-elect Donald Trump for his pro-Bitcoin stance during the campaign, asserting that Bitcoin has firmly entered the mainstream economy and is undeniably a key component of the future of finance.

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The Republican senator emphasized that his new legislation positions Oklahoma in a “leadership role nationally,” ensuring the state adopts the future of financial technology and offers its citizens greater financial choices.

Senator Deevers’ Bitcoin Freedom Act is set to be reviewed during the 60th legislative session, which begins on February 3.

“If Washington D.C. can ruin something, it likely will. And it is certainly ruining the US dollar,” Senator Deevers wrote in his X post, criticizing the high inflation in the U.S.  “One of my biggest campaign promises was to fight for the financial well-being of those I represent and do what I could to offset the damage caused by inflation,” he added. 

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Deevers’ post garnered positive reactions from the crypto community, with many supporters congratulating the senator and expressing enthusiasm for the proposed Bitcoin Freedom Act.

Kaz Bycko, the Vice President of the Oklahoma Bitcoin Association, expressed enthusiasm in response to Deever’s post, offering the organization’s support for the proposed bill.

In another post, Bycko shared Deever’s announcement, adding his own commentary: “Oklahoma is Bitcoin Country,” emphasizing the state’s growing embrace of cryptocurrency.

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MICHAELA

Michaela is a news writer focused on cryptocurrency and blockchain topics. She prioritizes rigorous research and accuracy to uncover interesting angles and ensure engaging reporting. A lifelong book lover, she applies her passion for reading to deeply explore the constantly evolving crypto world.

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is the official publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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