Oklahoma senator files Bitcoin Freedom Act enabling wages in BTC – CoinJournal
- The Bitcoin Freedom Act lets Oklahomans accept their wages in Bitcoin
- Oklahoma State Senator Deevers said Washington is “ruining the US dollar”
- The Bitcoin Freedom Act is eligible for consideration in the 60th legislative session beginning on February 3
Oklahoma State Senator Dusty Deevers has filed legislation allowing employees to receive wages in Bitcoin and businesses to accept Bitcoin payments.
Introducing the Bitcoin Freedom Act, Deevers said: “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 bill, known as SB325, states under section 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 future of finance
Deevers pointed out that Bitcoin is becoming increasingly seen as a hedge against inflation, unlike traditional currencies such as the US dollar. 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 ruin something, it likely will. And it is certainly ruining the US Dollar.
Inflation caused by reckless spending and money printing is eroding the purchasing power of Oklahomans. It is past time to start looking at options less vulnerable to D.C.… pic.twitter.com/PrMGWdi7fe
— Dusty Deevers (@DustyDeevers) January 8, 2025
Deevers also praised President-elect Donald Trump who spoke at Bitcoin events during 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 60th legislative session beginning on February 3.
