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Oklahoma Introduces Bill Allowing State Employees and Vendors to Be Paid in Bitcoin

Bitcoin Magazine
Oklahoma introduced Senate Bill 2064 to allow state employees and vendors to opt to receive payments in bitcoin.

Summary

Oklahoma lawmakers introduced Senate Bill 2064, which would establish a legal framework for state employees, vendors, private businesses, and residents to negotiate and receive payments in bitcoin without declaring it legal tender. State employees could choose to receive salaries in bitcoin, U.S. dollars, or a combination, deposited into a self-hosted or third-party custodial wallet. Vendors could opt for per-transaction bitcoin payments based on the market price at the time of the transaction. The bill also exempts exclusively digital asset firms from money transmitter licensing requirements and directs the State Treasurer to contract a firm to process these payments by January 1, 2027. This move follows similar explorations of bitcoin integration in states like New Hampshire and Texas.

(Source:Bitcoin Magazine)