OKLAHOMA CITY (KFOR) - Oklahoma State Senator Dusty Deevers, R-Elgin, filed legislation to allow Oklahoma employees to receive payments in the form of Bitcoin, including enabling vendors to accept Bitcoin payments.
Sen. Deevers says the SB325, the Bitcoin Freedom Act, is increasingly seen as a hedge against inflation.
“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 said. “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.”
Additionally Sen. Deevers says, SB325 ensures that participation would be entirely voluntary for employers and employees to choose the payment options that work best for them.
“There is a reason President Trump campaigned heavily as a pro-Bitcoin candidate and spoke at prominent Bitcoin events. Bitcoin has arrived into the mainstream of our economy and is unquestionably a significant part of the financial future,” Deevers said. “This legislation puts Oklahoma in a leadership role nationally, ensuring our state embraces the future of financial technology while providing our citizens with more financial options.”
SB325 is set for legislative session consideration beginning February 3.
Read the full announcement here.
