Oklahoma Senator Proposes 'Bitcoin Freedom Act' (SB325) for State Payments

Jan 9, 2025, 12:31 AM

Oklahoma Senator Dusty Deevers has introduced the 'Bitcoin Freedom Act' (SB325), which proposes to allow state employees and vendors to receive payments in Bitcoin. The legislation aims to provide an alternative to traditional currency amid concerns over inflation eroding the purchasing power of the dollar. Bitcoin is seen as a hedge against inflation due to its decentralized nature and fixed supply. The bill, if passed, would enable voluntary participation, aligning with free-market principles and offering more financial options to Oklahomans.