Oklahoma Senator introduces the Bitcoin Freedom Act allowing businesses to accept Bitcoin payments

Key Takeaways

The Bitcoin Freedom Act allows Oklahoma businesses to accept Bitcoin and employees to receive wages in Bitcoin.
The legislation is expected to come into effect on November 1, 2025, and includes provisions for tax implications and payment agreements.

Oklahoma State Senator Dusty Deevers has been introduced legislation that would allow workers to be paid in Bitcoin and businesses to accept the digital asset as payment.

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

“Any employee of this state, business, corporation, other entity, and resident of this state may negotiate and receive payment and compensation, including wages, salaries, and types of other compensation, in Bitcoin,” according to the text of the bill.

For state employees choosing Bitcoin payments, the legislation requires an agreement with the state to decide whether the value of Bitcoin will be set at the beginning of the payment period or at the time of payment. Employees can choose to receive their compensation in Bitcoin, US dollars, or both, with the flexibility to change their choice at the start of each pay period.

Deevers said the legislation is a necessary step to protect Oklahomans from inflation.

“At 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 compared Bitcoin's fixed supply to the US dollar, which he said is “printed in Washington DC”

“There's a reason President Trump campaigned heavily as a pro-Bitcoin candidate and spoke at prominent Bitcoin events,” Deevers said. “Bitcoin has entered the mainstream of our economy and is undoubtedly an important part of the financial future.”

The bill will be reviewed in the upcoming legislative session, starting on February 3. If enacted, it would be Oklahoma's second major law focused on Bitcoin and digital asset, which follows a special law protecting the rights of individuals to self-preservation and mining was passed in May 2024.