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Oklahoma Senator presents project to adopt Bitcoin as an alternative to the dollar
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Oklahoma Senator, Dusty Deeverspresented the Bitcoin Freedom Act (SB325)a bill that seeks integrate Bitcoin into the state economy. The proposal allows employees and suppliers to carry out transactions in Bitcoin, offering an alternative to the US dollar, which suffers from the effects of inflation.
The legislation aims to allow BTC transactions between state agencies, private companies and individuals, ensuring compliance with current financial regulations. According to Deevers, the project could be a catalyst for innovation and economic growth in Oklahoma.
Additionally, he suggested the initiative could transform Oklahoma into a national leader in the adoption of modern financial technologies.
The state has already demonstrated support for cryptocurrency with the approval of the Bitcoin Rights Bill (HB3594) last May. The initiative guarantees residents the right to self-custody Bitcoin and use it for legal transactions. Now, the new bill seeks Further consolidate Oklahoma’s position in the evolving financial landscape.
Bitcoin in the USA
Deevers also highlighted the favorable stance of donald trumpwho included cryptocurrency advocates in his economic policy during his presidency.
The Oklahoma proposal reflects a larger movement in the US. States like Texas and Pennsylvania have already advanced in the adoption of BT in their reserves. In December, Texas introduced the Texas Strategic Bitcoin Reserve Actproposing the use of cryptoactives as a reserve asset.
Although other states also explore these initiatives, nThere is no forecast that the federal government will buy Bitcoin in 2025according to experts. Even so, local movement could consolidate cryptocurrency as a key asset in the American market.
The Bitcoin Freedom Act will be debated at 60th Oklahoma legislative sessionwhich starts on February 3rd.
Oklahoma Senator presents project to adopt Bitcoin as an alternative to the dollar
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Oklahoma Senator presents project to adopt Bitcoin as an alternative to the dollar
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Oklahoma Senator presents project to adopt Bitcoin as an alternative to the dollar
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Oklahoma Senator presents project to adopt Bitcoin as an alternative to the dollar
