OKLAHOMA CITY — Sen. Dusty Deevers, R-Elgin, has filed SB325, the Bitcoin Freedom Act, a bill that would allow Oklahoma employees to opt to receive payment in Bitcoin and enable vendors to accept Bitcoin payments.
“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.”
Bitcoin, a decentralized cryptocurrency with a fixed supply, is increasingly seen as a hedge against inflation. Unlike traditional currencies, which can be devalued by monetary policies as we have seen with the U.S. dollar in recent years, Bitcoin offers a promising alternative for preserving wealth. SB325 ensures that participation is entirely voluntary, respecting free-market principles and empowering employees, employers, and businesses 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 eligible for consideration in the 60th legislative session beginning on February 3.
