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Oklahoma Republican Senator Dusty Deevers has introduced the Bitcoin Freedom Act, a legislative proposal allowing employees and residents to opt for Bitcoin payments while enabling businesses to accept BTC for goods and services.

Officially titled SB325, the bill emphasizes voluntary participation and aims to integrate Bitcoin as a secure and flexible payment option in the state.

“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 said on January 8.

He also pointed to the risks of dollar devaluation through overprinting, adding, “Oklahoma must act to protect our people as Bitcoin continues to rise and the dollar’s value is printed away in Washington D.C.”

The act seeks to establish a framework for Bitcoin usage in Oklahoma, supporting its adoption for transactions, salaries, and investments. Deevers described the bill as a step toward financial modernization, positioning the state as a leader in embracing financial technology and providing residents with expanded financial options. The legislation will be reviewed during the 60th legislative session starting February 3.

Deevers tied his proposal to President-elect Donald Trump’s pro-Bitcoin stance, stating:

“Bitcoin is unquestionably a significant part of the financial future.”

The senator, a vocal critic of inflation and central bank digital currencies (CBDCs), expressed concerns about government overreach enabled by CBDCs.

“They give central authorities the power to track, control, and restrict individual transactions, undermining financial privacy and freedom,” he said. In contrast, he praised Bitcoin’s decentralized design, highlighting its ability to protect against inflation and allow individuals full control over their money.

Inflation in the U.S. has been rising since September 2024 and currently stands at 2.7%. Deevers has frequently criticized federal economic policies, stating on social media, “If Washington D.C. can ruin something, it likely will. And it is certainly ruining the U.S. dollar.” He reiterated his commitment to protecting Oklahomans from the effects of inflation.

Oklahoma has already demonstrated its support for blockchain technologies. In May 2024, Governor Kevin Stitt enacted legislation providing a legal framework for blockchain firms and safeguarding Bitcoin mining activities. The law, effective since November, has positioned Oklahoma as a favorable location for crypto enterprises.

By introducing the Bitcoin Freedom Act, Senator Deevers aims to ensure Oklahoma remains at the forefront of financial innovation while addressing inflation and expanding financial freedom for its residents.