Oklahoma senator introduces a bill to pay salaries in bitcoins
The parliament will consider the document on February 3
09.01.2025 - 12:45
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3 min
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What’s new? Oklahoma Republican Senator Dusty Deevers has introduced a bill that would allow local residents to receive their salaries in bitcoins and allow service providers and merchants to accept bitcoin payments. “Inflation is eroding the purchasing power of hard-working Oklahomans, Bitcoin tickers down $93 418 provides a unique opportunity to protect earnings and investments,” the official noted.
What else is known? The bill, called SB325, also known as the Bitcoin Freedom Act, is designed to create a framework for the safe use of bitcoin by the state of Oklahoma, private businesses, and individual residents, and to recognize the asset as a vehicle for transactions and investments, as well as wages.
If passed, employees, employers, and businesses would be able to choose their own payment methods; participation in the bitcoin economy would be voluntary under free-market principles, Deevers emphasized.
During the presentation, the senator praised Donald Trump’s campaign in favor of bitcoin, adding, “Bitcoin has arrived into the mainstream of our economy and is unquestionably a significant part of the financial future.”
Deevers noted that the bill gives Oklahoma a “leadership role nationally” by ensuring that the state “embraces the future of financial technology while providing our citizens with more financial options.”
“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 official concluded.
The bill will be considered at the 60th session, which will begin on February 3.
National Center for Public Policy Research suggests Amazon to invest in bitcoin
According to analysts, the first cryptocurrency will allow the corporation to protect shareholder value in a high-inflation environment
In May 2024, Oklahoma Governor Kevin Stitt passed legislation creating a legal framework for blockchain companies and protecting cryptocurrency mining activities. The document, which went into effect in November, makes it easier for bitcoin miners to operate in the state.
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