By Nermeen Nabil Khear 
Oklahoma Republican Senator Dusty Deevers is pushing for a new policy that would make Bitcoin an option for employees, businesses, and residents to transact in Bitcoin (BTC).
The proposed bill, known as the Bitcoin Freedom Act, will enable vendors to receive Bitcoin. It seeks to allow salaries to be paid in BTC and enables vendors to accept it as a payment method.
Senator Deevers explained that Bitcoin would help residents combat inflation and enable them to protect their investments and earnings. Dusty remarked, “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.”
While the bill has sparked excitement within the crypto community, it is important to note that employees are free to choose if they prefer to use Bitcoin as a payment method. Official documents state that the bill would help “establish a framework for the secure use of Bitcoin by the State of Oklahoma, private businesses, and individual residents.”
Will Trump’s administration popularize BTC?
Senator Deevers believes Donald Trump’s support for BTC will be a boost to pushing the cryptocurrency mainstream. He noted, “Bitcoin has arrived in the mainstream of our economy and is unquestionably a significant part of the financial future.”
Although the Republican senator believes in BTC to fight inflation, he strongly views central bank digital currencies (CBDCs), seeing them as a threat to personal freedom.
He argues that CBDCs enable governments to track and control individual transactions, eroding financial privacy. In contrast, Bitcoin, he says, is a tool for true financial independence. Its decentralized nature puts people in full control of their money, free from government interference or inflation.
JUST IN: The Texas Strategic #Bitcoin Reserve bill would see Texas HODL its BTC for at least 5 years.
AMERICA IS EMBRACING BITCOIN LIKE NEVER BEFORE
pic.twitter.com/MB3IHWCeio
— Nikolaus Hoffman (@NikolausHoff) December 12, 2024
Senator Deevers isn’t alone in embracing blockchain for state benefit. Last year, Oklahoma Governor Kevin Stitt approved a policy that made the state more attractive to miners and crypto builders.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
The post Oklahoma Senator Introduces Bitcoin Freedom Act appeared first on Altcoin Buzz.
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.