Oklahoma's State Senator Dusty Deevers has introduced the Bitcoin Freedom Act, which would allow employees to receive their wages in Bitcoin. Deevers believes that Bitcoin offers a hedge against inflation and can protect the earnings of Oklahomans.
Senator Dusty Deevers has proposed the Bitcoin Freedom Act, a bill that aims to enable employees in Oklahoma to receive their wages in Bitcoin. This move is driven by Deevers' belief that Bitcoin can serve as a safeguard against inflation and provide Oklahomans with a means to protect their earnings.
The proposed bill, SB325, is set to be discussed during the 60th legislative session starting on February 3. Senator Deevers sees this legislation as an opportunity for Oklahoma to take the lead in cryptocurrency adoption and financial innovation.
Deevers envisions the Bitcoin Freedom Act as a potential model for other states interested in integrating cryptocurrencies into their economies. By embracing Bitcoin, Oklahoma could pave the way for increased recognition and acceptance of digital currencies across the United States.
The Financial Services Commission (FSC) in South Korea plans to gradually ease restrictions on institutional crypto trading to align with global standards. This move aims to create a more robust and transparent trading environment, benefiting both institutional and retail investors.
The FSC will establish clear listing standards for digital assets and develop regulations for stablecoins and token listings. These measures are intended to enhance the credibility and stability of the cryptocurrency market in South Korea.
The developments in Oklahoma and South Korea reflect the growing recognition of the importance of cryptocurrency in the global financial system. Governments and financial institutions are increasingly acknowledging the potential for innovation and economic growth in this sector.