- Bitcoin Freedom Act Permits Oklahomans to Settle for Payroll in Bitcoin
- Oklahoma State Sen. Deevers says Washington is 'ruining the U.S. greenback'
- The Bitcoin Freedom Act could also be thought of throughout the sixtieth legislative session which begins on February 3.
Oklahoma State Senator Dusty Deevers has launched laws permitting staff to obtain salaries in Bitcoin and companies to just accept funds in Bitcoin.
Introducing the Bitcoin Freedom Act, Deevers stated, “At a time when inflation is eroding the buying energy of hardworking Oklahomans, Bitcoin gives a singular alternative to guard earnings and investments. »
Deevers continued: “As Bitcoin continues to rise and the worth of the greenback continues to be printed in Washington DC, Oklahoma should act to guard our individuals.”
The invoice, often called SB325, states in Part 4 that: “Any worker of this State, enterprise, company, different entity, and resident of this State could negotiate and obtain fee and compensation, together with wages, salaries and different types of compensation. , in Bitcoin.
Embracing the way forward for finance
Deevers identified that Bitcoin is more and more seen as a hedge in opposition to inflation, not like conventional currencies such because the US greenback. Chatting with X, Deevers posted: “If Washington DC can destroy one thing, it in all probability will. And it's actually ruining the US greenback.
Persevering with, Deevers wrote: “This small however maybe revolutionary change has the potential to offset the injury suffered because of inflation and make Oklahoma a nationwide chief in embracing the way forward for monetary expertise. »
If Washington DC can destroy one thing, it in all probability will. And it's actually ruining the US greenback.
Inflation attributable to reckless spending and cash printing is eroding the buying energy of Oklahomans. It’s excessive time to start out choices which might be much less weak to DC… pic.twitter.com/PrMGWdi7fe
– Dusty Deevers (@DustyDeevers) January 8, 2025
Deevers additionally praised President-elect Donald Trump talking at Bitcoin occasions throughout his presidential run.
“Bitcoin has entered the mainstream of our financial system and is undoubtedly an essential a part of the monetary future,” he added.
The Bitcoin Freedom Act could also be thought of throughout the sixtieth legislative session which begins on February 3.
