One senator says bitcoin is a promising alternative to protecting income.
“Bitcoin has reached the mainstream of our economy,” commented Dusty Deevers.
In response to growing concerns about inflation and the devaluation of the US dollar, Oklahoma Senator Dusty Deevers introduced the Bitcoin Freedom Act. With this proposal, he proposes that state employees can receive their salary in digital currency, and that businesses accept it as a payment method.
The senator argues that bitcoin (BTC), with its fixed and decentralized supply, offers a promising alternative to protect income and investments against inflation. “Inflation caused by reckless spending and money printing is eroding the purchasing power of Oklahomans. “It’s time to start looking for options that are less vulnerable to DC’s recklessness and incompetence,” Deevers commented. in a publication on the social network X.
The legislator added that the proposal is designed to be adopted voluntarily, respecting the principles of the free market and allowing employers and businesses to choose payment options that best suit your needs, including bitcoin.
Drevers’ initiative and comments demonstrate that he is a vocal critic of the current monetary policy of the United States and brings to mind the Bitcoin Law with which El Salvador converted the digital currency into legal tender in its territory. Although the proposal for Oklahoma is not to adopt BTC as national money, it does intend to generalize the use of the crypto asset in the economy of that state in the western United States.
“There is a reason why President Trump campaigned heavily as a pro-Bitcoin candidate and spoke at prominent events in Bitcoin. Bitcoin has reached the mainstream of our economy and is undoubtedly a significant part of the financial future.”
Oklahoma State Senator Dusty Deevers.
The bill is scheduled to be considered for discussion during the 60th legislative session that begins February 3. If approved, could mark a milestone for how Oklahoma and possibly other states around the country handle payments and protect their citizens against economic instability.
Other legislative proposals on bitcoin have already been discussed in the Oklahoma Senate. As reported by CriptoNoticias, this state approved the protection of the fundamental rights of Bitcoin users. Bitcoiner Dennis Porter, who promotes pro-bitcoin legislation in the United States, commented on this. ensures that the support of citizens, which has been fundamental in the approval of bills. “This is a crucial moment for Bitcoin in the United States and by coming together, we can ensure that these fundamental rights are solidified,” he said.
Also currently there is a big movement with several US states getting ready to include bitcoin in their strategic reserves. This just after Donald Trump won the presidency and preparations began to create a BTC reserve for the country.