Senator Dusty Deevers Proposes Bitcoin Freedom Act
Oklahoma’s Republican Senator Dusty Deevers has introduced the Bitcoin Freedom Act to the state assembly, aligning with similar initiatives in Texas and Florida. The bill advocates integrating Bitcoin into Oklahoma’s economy, including paying state employees and suppliers in Bitcoin. This proposal arises amidst concerns over inflation, the federal deficit, and the declining value of the U.S. dollar.
Key Points of the Bitcoin Freedom Act
The Bitcoin Freedom Act aims to reshape Oklahoma’s financial landscape:
- State employees and suppliers could receive salaries in Bitcoin.
- Bitcoin is positioned as a safeguard against inflation and federal monetary policies.
- The Act asserts Bitcoin’s potential to protect the earnings of Oklahomans from diminishing dollar value.
Senator Dusty Deevers’ Statement
“As inflation chips away at the purchasing power of hardworking Oklahoma locals, Bitcoin steps up to offer a unique chance to safeguard their earnings and investments.” – Dusty Deevers, Republican Senator
Oklahoma’s Role in National Bitcoin Legislation
Oklahoma is positioning itself as a leader in financial technology by championing Bitcoin-focused legislation. If passed, this would solidify the state’s progressive stance, building on a law passed last May that secured residents’ rights to hold Bitcoin assets.
The bill is set for deliberation in the Oklahoma Senate starting February 3rd. Its potential passage could pave the way for broader Bitcoin adoption across the United States. Does trump Election will help this idea ?
