Oklahoma Introduces Bitcoin Freedom Act to Allow Employees to Receive Wages in Bitcoin

Oklahoma State Senator Dusty Deevers has introduced legislation that would allow employees to receive wages in Bitcoin and businesses to accept the digital asset

Oklahoma state senator Dusty Deevers has proposed legislation that would permit employees to receive their salaries in Bitcoin and allow businesses to accept the digital asset as a form of payment.

The Bitcoin Freedom Act, also known as SB325, aims to establish a framework for the use of Bitcoin in Oklahoma, authorizing its use in transactions, salaries, and investments while ensuring compliance with legal requirements.

The bill’s text states, “Any employee of this state, business, corporation, other entity, and resident of this state may negotiate and receive payment and compensation, including salaries, wages, and other forms of compensation, in Bitcoin.”

For state employees choosing to receive their payments in Bitcoin, the legislation mandates an agreement with the state to determine whether the value of Bitcoin will be set at the beginning of the pay period or at the time of payment. Employees will have the option to choose to receive their compensation in Bitcoin, U.S. dollars, or both, and they can modify their choice at the beginning of each pay period.

Deevers highlighted the legislation as a crucial measure to protect Oklahomans from the effects of inflation.

“In a time when inflation is eroding the purchasing power of hard-working Oklahomans, Bitcoin provides a unique opportunity to protect earnings and investments,” he said.

Deevers also contrasted Bitcoin’s fixed supply with the U.S. dollar, which he claimed is being “printed away in Washington D.C.”

“There is a reason President Trump campaigned heavily as a pro-Bitcoin candidate and spoke at prominent Bitcoin events,” Deevers added. “Bitcoin has arrived into the mainstream of our economy and is unquestionably a significant part of the financial future.”

The bill will be up for consideration during the upcoming legislative session, which begins on Feb. 3. If enacted, it would mark Oklahoma’s second major law centered on Bitcoin and digital assets, following a landmark bill that protected individuals’ rights to self-custody and mining, which was passed in May 2024.