Republican Senator Dusty Devers has introduced a bill aimed at integrating Bitcoin into Oklahoma's economy.

Bitcoin Freedom Act SB325 seeks to give employees and vendors in the state the option to transact in bitcoin, providing an alternative to the inflation-plagued U.S. dollar, according to the senator.

“At a time when inflation is eroding the purchasing power of hard-working Oklahomans, Bitcoin provides a unique opportunity to protect profits and investments,” Devers said in his report. statement Wednesday.

If approved, the framework will secure the use of Bitcoin across government agencies, private institutions and individual transactions while ensuring compliance with existing regulations.

Devers crafted the bill as a step toward fostering innovation, increasing financial transparency and driving economic growth in the state.

The politician also pointed to Bitcoin's decentralized nature and fixed supply as safeguards against what he described as "reckless spending and money printing in Washington, D.C."

“This small, but perhaps revolutionary, change has the potential to offset the damage done by inflation and make Oklahoma a national leader embracing the future of fintech,” Devers said. chirp Wednesday.

The senator pointed to the rise of Bitcoin as a "promising alternative for wealth preservation," linking it to the current political climate.

“There is a reason why President Trump has campaigned extensively as a pro-bitcoin candidate and spoken at prominent bitcoin events,” he noted. “Bitcoin has entered the mainstream of our economy and is undoubtedly an important part of the financial future.”

Trump's support for Bitcoin and his appointment of pro-cryptocurrency officials such as Paul Atkins The leadership of the US Securities and Exchange Commission (SEC) has made the president-elect a major advocate for integrating Bitcoin into the US economy. At least, according to crypto proponents.

This isn't Oklahoma's first foray into cryptocurrency. state last May Pass Bitcoin Bill of Rights (HB3594), which protects the rights of residents to self-hold Bitcoin and use cryptocurrencies for legal purchases.

The Bitcoin Freedom Act is expected to be discussed during the 60th legislative session, which begins on February 3.

Modified by Sebastian Sinclair