Oklahoma State Senator Dusty Deevers has introduced the Bitcoin Freedom Act (SB325), a legislative proposal to integrate bitcoin (BTC) into the state’s financial framework. The bill seeks to empower employees to receive salaries in BTC and allow businesses to accept BTC as a form of payment.
BTC As a Hedge Against Inflation
Senator Deevers emphasized the potential of BTC to protect earnings amid rising inflation, stating, “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 also noted that as Bitcoin’s value continues to climb and the dollar’s worth diminishes due to ongoing printing in Washington, D.C., Oklahoma needs to safeguard its citizens.
He explained that SB325 guarantees that participation remains completely optional, adhering to “free-market principles” and allowing employees, employers, and businesses to select their preferred payment methods.
The senator also commended President-elect Donald Trump for his pro-Bitcoin stance during the campaign, noting that bitcoin has firmly entered the mainstream of our economy and is undeniably a key component of the financial future.
Deevers Wants Oklahoma to Move Forward
The politician noted that the legislation positions itself as a national leader by ensuring the state welcomes the future of financial technology and offers its citizens more financial choices.
The Bitcoin Freedom Act is set to be reviewed during the 60th legislative session, starting on February 3.
Deevers has been vocal about his criticism of rising inflation in the U.S. He noted that if Washington D.C. can mismanage something, it probably will—undoubtedly undermining the U.S. dollar.
The state senator, a pastor, also expressed criticism of central bank digital currencies (CBDCs), arguing that they facilitate government overreach and surveillance. CBDCs allow central authorities to monitor, control, and limit individual transactions, eroding financial privacy and personal freedom.
In May 2024, Oklahoma Governor Kevin Stitt signed legislation establishing a legal framework for blockchain companies and protecting crypto mining operations. The law, which took effect in November, simplified the process for Bitcoin miners to conduct business within the state.
