Oklahoma senator proposes Bitcoin Freedom Act
The proposal, set for consideration in February, aims to establish a secure framework for Bitcoin’s use, positioning Oklahoma as a leader in financial technology innovation.
Oklahoma State Senator Dusty Deevers has introduced the Bitcoin Freedom Act, paving the way for residents and businesses to opt for Bitcoin as a means of payment. The bill, filed as SB325, allows salaries and transactions in Bitcoin on a voluntary basis, aligning with free-market principles. Senator Deevers emphasised that Bitcoin offers a solution against inflation and safeguards financial independence amidst the declining value of the US dollar.
The act also aims to provide a secure framework for Bitcoin’s use in Oklahoma, positioning the state as a leader in financial technology. Deevers, a vocal critic of central bank digital currencies (CBDCs), underscored Bitcoin’s decentralised nature as a tool for promoting financial privacy and sovereignty. “Bitcoin promotes financial sovereignty,” he said, highlighting its resistance to government interference.
The move builds on Oklahoma’s proactive approach to cryptocurrency. Last year, Governor Kevin Stitt enacted legislation supporting blockchain firms and safeguarding Bitcoin mining activities. As the Bitcoin Freedom Act heads for consideration in February, Oklahoma continues to embrace the future of finance while offering its citizens new financial opportunities.
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