Oklahoma State Senator Dusty Deevers has filed the “Bitcoin Freedom Act” in order to make the nascent technology applicable to everyday life. The would-be law, SB 325, if enacted would allow workers in Oklahoma to get paid in Bitcoin and permit businesses to take Bitcoin for payment by customers. Participation would be completely voluntary, making it meet any definitions of free-market principles.
This is a growing trend in the U.S., as states consider the potential of decentralized currencies such as Bitcoin. The bill could mean a way to greater financial flexibility and a signal of Oklahoma’s readiness to adopt modern forms of paying for goods and services.
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Adding a twist to the crypto conversation, the recent victory of Donald Trump brought a whole new angle into discussion. Though Trump personally has been a vocal critic of Bitcoin, his last year campaign proved very open toward innovative financial technologies. This may affect federal policies related to cryptocurrency and probably speed up mainstream Bitcoin adoption once Trump assumes office in 2025.
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As Oklahoma’s state legislature heads into its next session this coming February 2025, the nation will be watching. Should it pass, the Bitcoin Freedom Act could set a national model on how states balance innovation with regulation, further advancing the role of cryptocurrency in the evolving financial landscape.