Oklahoma Advances Bill Allowing Bitcoin Payments For Residents And Workers

Oklahoma’s legislature has advanced a bill, SB 325, that would allow state employees and residents to receive payments in Bitcoin.

The bill is now under review by the Appropriations Committee after making its way through the legislative process. This follows the recent signing of an executive order by President Trump to form a committee that will plan and regulate government Bitcoin holdings.

Another bill, House Bill 1203, proposes that Oklahoma’s state savings account and pension funds invest in digital assets like Bitcoin.

If SB 325 passes, Oklahoma residents will have the option to receive their paychecks in Bitcoin, provided their employers agree. Supporters of the bill believe that this will help attract talent and usher in a new era of prosperity for the state. However, some critics are concerned about the challenges of regulating Bitcoin and its price volatility.

Additionally, Representative Cody Maynard introduced the Bitcoin Reserve Act on January 15, 2025, aiming to allow state workers to receive payments in Bitcoin and set up Bitcoin-based pension accounts. Maynard believes that Bitcoin can free people from inflation caused by government printing, and he argues that the bill will secure the state’s financial future. The Bitcoin Reserve Act is still under review and had its first reading on February 3, 2025.

Oklahoma’s move follows a global trend, as several countries like El Salvador, Argentina, Brazil, and Chile are also increasing their Bitcoin reserves. El Salvador has already passed laws to accumulate Bitcoin for its reserves, while other nations are exploring similar measures.

Oklahoma’s bill could set a precedent for other U.S. states and countries seeking to adopt Bitcoin as a financial asset.

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