Oklahoma Senator Introduces Bitcoin Act for Crypto Payments
Oklahoma Senator Dusty Deevers introduced the Bitcoin Freedom Act on January 8 in an attempt to accelerate cryptocurrency adoption in the state.
The Republican senator has filed Senate Bill 325 (SB325), a proposal that would allow Oklahoma employees to choose Bitcoin as a payment method and enable businesses to accept Bitcoin for goods and services.
Senator DeVos pushes for Bitcoin payments to fight inflation
Senator Dusty Deavers introduce This bill serves as a inflationHe believes it reduces the purchasing power of Oklahomans.
“In an era when inflation is eroding the purchasing power of hard-working Oklahomans, Bitcoin offers a unique opportunity to protect income and investments,” Deavers said.
Bitcoin, a cryptocurrency with a fixed supply, is increasingly viewed as a hedge against inflation. Unlike the U.S. dollar, which can lose value due to government monetary policies, Bitcoin offers an alternative To protect income and investments.
“If Washington, D.C., can destroy something, it probably will. It will certainly destroy the dollar. Inflation from reckless spending and money printing is eroding the purchasing power of Oklahomans. Now is the time to start thinking about it options that are less susceptible to Washington’s recklessness and incompetence,” Deavers wrote. twitter.
The Bitcoin Freedom Act would make participation entirely voluntary. It will allow employees to choose whether they want to be paid in Bitcoin and enable businesses to decide whether to accept it Bitcoin payment. The proposal provides individuals and businesses with the flexibility to adopt cryptocurrencies as they see fit.
Deavers also highlighted Bitcoin’s growing influence, noting its growing influence in mainstream financial and political discourse.
“There’s a reason President Trump has promoted himself as a pro-Bitcoin candidate and spoken at major Bitcoin events. Bitcoin has become mainstream in our economy and is without a doubt an important part of the future of finance. ,” Deavers added.
Incoming US President Donald Trump is a staunch supporter of Bitcoin. interestingly, Bitcoin surges to new all-time high After Trump won the election.
The senator believes passing SB325 will put Oklahoma at the forefront of the cryptocurrency movement.
oklahoma state legislator The bill will be considered during the 60th legislative session, which begins on February 3. If passed, it would mark an important step in the integration of Bitcoin into Oklahoma’s economy.
The Oklahoma bill comes amid growing demand for Bitcoin reserves in the United States. It is reported At least 13 of the 50 U.S. states are working to establish Bitcoin reserves.
Ohio Representative Derek Merrin stressed that Bitcoin could diversify national investment portfolios as the U.S. dollar faces depreciation. He introduced a bill to establish a Bitcoin reserve within the Ohio Department of Finance.
In addition, legislators TexasPennsylvania and Florida Similar bills have also been introduced.
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