Market Cap: $3.2187T 3.580%
Volume(24h): $232.6907B -29.080%
  • Market Cap: $3.2187T 3.580%
  • Volume(24h): $232.6907B -29.080%
  • Fear & Greed Index:
  • Market Cap: $3.2187T 3.580%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$99402.988088 USD

5.60%

ethereum
ethereum

$2732.641188 USD

7.62%

xrp
xrp

$2.572377 USD

9.86%

tether
tether

$1.000289 USD

-0.05%

solana
solana

$206.392177 USD

5.32%

bnb
bnb

$583.014352 USD

2.57%

usd-coin
usd-coin

$0.999316 USD

-0.08%

dogecoin
dogecoin

$0.264582 USD

6.75%

cardano
cardano

$0.751906 USD

9.23%

tron
tron

$0.221539 USD

0.34%

chainlink
chainlink

$20.101498 USD

8.19%

avalanche
avalanche

$26.323927 USD

5.74%

stellar
stellar

$0.347016 USD

5.90%

sui
sui

$3.379936 USD

10.20%

hedera
hedera

$0.254990 USD

9.99%

Cryptocurrency News Articles

Oklahoma Senate Bill 325 (SB 325) Advances, Bringing the State Closer to Allowing Employees to Receive Wages in Bitcoin

Feb 04, 2025 at 02:38 pm

SB 325 is part of a broader trend among U.S. states exploring BTC integration into public financial systems.

Oklahoma Senate Bill 325 (SB 325) Advances, Bringing the State Closer to Allowing Employees to Receive Wages in Bitcoin

Oklahoma is set to begin discussing whether to allow state employees to be paid in Bitcoin, as a new bill has advanced to the committee stage.

Senate Bill 325 (SB 325) would permit government workers and all Oklahoma residents to opt to receive salary payments in the digital asset. The bill was introduced by Senator Dusty Deevers.

The proposal is part of a broader trend among U.S. states exploring BTC integration into public financial systems. The measure comes shortly after another crypto-related bill, House Bill 1203, was introduced in the Oklahoma House of Representatives on January 15.

The separate legislation, known as the Strategic Bitcoin Reserve Act, was brought forward by Representative Cody Maynard. It aims to permit state pension funds and savings accounts to allocate a portion of their holdings to Bitcoin as a hedge against inflation.

Maynard has highlighted the advantages of BTC as an independent monetary system that is not subject to government control. He has argued that traditional fiat currency loses purchasing power due to excessive money printing, while Bitcoin serves as a safeguard against inflationary policies.

Several states have introduced similar proposals to incorporate Bitcoin into their financial reserves. In Pennsylvania, lawmakers put forward a bill in November 2024 that would enable the state Treasury to invest up to 10% of its assets in BTC. Representative Mike Cabell, a key proponent of the initiative, has pointed to institutional asset managers like BlackRock and Fidelity, which have added BTC to their portfolios to mitigate macroeconomic risks.

Texas has also taken steps toward Bitcoin adoption at the state level. On December 12, state legislator Giovanni Capriglione introduced the Texas Strategic Bitcoin Reserve Act. The proposal suggests that the Texas comptroller of public accounts should hold BTC as a reserve asset for a minimum of five years.

With SB 325 now under committee review, Oklahoma joins a growing list of states considering Bitcoin adoption for salaries, pensions, and treasury reserves.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Feb 04, 2025