Oklahoma Pushes Bitcoin Adoption for Salaries & State Reserves
Oklahoma lawmakers are considering Bitcoin-friendly legislation that could transform the state's financial landscape.
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By Tylt Editorial Team
Senate Bill 325 proposes Bitcoin salary payments for employees and vendors.
House Bill 1203 suggests Bitcoin as a strategic reserve asset for state funds.
Lawmakers see Bitcoin as a hedge against inflation and economic uncertainty.
Oklahoma is making significant strides toward integrating Bitcoin into its financial system, with two new bills aiming to legalize BTC salary payments and establish Bitcoin as a state reserve asset. The Bitcoin Freedom Act, introduced by Republican Senator Dusty Deevers, would allow employees and vendors in the state to opt for Bitcoin payments. Meanwhile, House Bill 1203, led by Representative Cody Maynard, seeks to allocate state-held funds into Bitcoin as a safeguard against inflation.
Deevers emphasized that Bitcoin provides an opportunity to protect earnings from the depreciating U.S. dollar, particularly amid rising inflation concerns. He also distinguished Bitcoin from central bank digital currencies (CBDCs), arguing that Bitcoin offers true financial freedom due to its decentralized nature.
Maynard echoed similar sentiments, stating that Bitcoin can serve as a defense against excessive government money printing. Oklahoma's move aligns with similar legislative efforts in states like Pennsylvania, Texas, and North Dakota, which are also considering Bitcoin as part of their financial strategies.
With growing mainstream adoption, these legislative measures highlight a broader trend of U.S. states exploring Bitcoin for financial stability. The fate of these bills remains uncertain, but their introduction signals Oklahoma’s increasing interest in cryptocurrency adoption.