As the US Prepares for Bitcoin Sales, a Groundbreaking Bill for BTC and Cryptocurrencies Has Been Introduced in One State!

robot
Abstract generation in progress

While strategic Bitcoin reserve efforts continue in the US, Oklahoma Republican senator Dusty Deevers has introduced a bill in the state allowing employees and residents to receive their salaries in Bitcoin and enabling vendors to accept BTC payments.

The Bitcoin Freedom Act, introduced to the Oklahoma legislature by Senator Dusty Deevers, aims to provide employees and sellers in the state with the option to transact with Bitcoin, offering an alternative to the inflation-affected US dollar.

Deevers said the following about his proposal:

In a time when inflation is reducing the purchasing power of Oklahomans, Bitcoin (BTC) offers a unique opportunity to protect the earnings and investments of the public.

It ensures that participation in the design is completely voluntary, respects free market principles, and allows employees, employers, and businesses to choose their own payment options.

Senator Deevers also praised Donald Trump's Bitcoin-friendly campaign, saying, "There is a reason why President Trump campaigned heavily as a Bitcoin-friendly candidate and spoke at significant Bitcoin events. Bitcoin has entered the mainstream of our economy and has undoubtedly become an important part of the financial future."

The Bitcoin Freedom Act presented by Dusty Deevers is expected to be discussed in the 60th legislative period starting on February 3rd.

Last May, the state of Oklahoma took a significant step by passing a bill that ensures residents' rights to self-custody their digital assets.

BTC0.09%
S-0.12%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)