Oklahoma proposes Bitcoin funds for state staff and distributors, increasing alternative whereas the U.S. greenback stays authorized tender.
Oklahoma has launched a brand new legislative proposal that might permit Bitcoin funds for state staff and companies.
The invoice displays rising curiosity in digital belongings throughout U.S. states and seeks to increase fee choices with out altering present authorized tender legal guidelines.
Lawmakers say the proposal focuses on alternative, construction, and controlled use inside present monetary techniques.
Oklahoma Introduces Bitcoin Fee Invoice for State Staff
Senate Invoice 2064 was launched throughout the 2026 legislative session by Senator Dusty Deevers.
The invoice permits Bitcoin for use as a fee methodology for state staff and distributors. It doesn’t classify Bitcoin as authorized tender beneath Oklahoma regulation.
JUST IN: 🇺🇸 Oklahoma pre-files Bitcoin funds invoice, to be launched Feb 2nd
Will permit state staff and distributors to obtain fee in bitcoin! 🔥 pic.twitter.com/c8fy1UobDT
— Bitcoin Archive (@BitcoinArchive) January 23, 2026
The proposal defines Bitcoin as a monetary instrument and a medium of trade. Funds would nonetheless be valued in U.S. {dollars} for accounting functions.
State companies would course of funds by means of permitted techniques.
The invoice states that participation could be non-obligatory for workers. Staff might proceed receiving salaries in U.S. {dollars}.
Bitcoin funds would solely apply to those that formally select the choice.
Fee Choices for Staff and State Distributors.
Beneath the invoice, staff might obtain salaries absolutely or partly in Bitcoin.
They may select the Bitcoin value firstly or finish of every pay interval. This selection permits flexibility in managing fee timing.
Staff might additionally choose the place Bitcoin funds are despatched. The invoice permits transfers to self-hosted wallets or permitted custodial accounts.
The selection would depend upon worker choice and supplier availability.
State distributors would even be eligible for Bitcoin funds. Fee values would comply with the market value on the transaction time.
Written agreements might set completely different pricing phrases between events.
Provisions for Bitcoin-Based mostly Companies
The invoice consists of exemptions for sure Bitcoin-focused corporations.
Corporations that use digital belongings and don’t convert them into U.S. {dollars} would keep away from cash transmitter licensing guidelines. This is applicable solely to corporations working inside outlined limits.
Lawmakers included the exemption to scale back regulatory burdens. The textual content limits eligibility to companies that deal with digital belongings straight. Corporations providing fiat conversion providers would stay topic to licensing.
The invoice doesn’t take away oversight duties. Businesses would nonetheless monitor compliance with state and federal legal guidelines.
Monetary reporting and safety requirements would proceed to use.
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Digital Asset Agency Choice and Timeline
The Oklahoma State Treasurer would oversee implementation if the invoice passes. The Treasurer should choose a digital asset agency to course of Bitcoin funds.
Choice standards embody charges, transaction velocity, and cybersecurity controls.
The invoice requires a proper contract with a fee supplier. The deadline for finishing the contract is January 1, 2027.
This timeline provides companies time to organize techniques and insurance policies.
As soon as carried out, funds would run by means of the chosen supplier. The state wouldn’t maintain Bitcoin straight until required for processing.
All transactions would comply with established accounting procedures.