Things seem to be moving at full speed across the Atlantic. A senator has just proposed a law, the Binance Freedom Act. The goal? Making Bitcoin legal tender in the state of Oklahoma. An initiative that could pave the way for other states in the country and free the people from printing money in Washington.
Senator Dusty Deevers is 100% pro-bitcoin!
Oklahoma Republican Sen. Dusty Deevers introduced legislation to make the state U.S. a pioneer on the subject of cryptocurrencies by integrating Bitcoin into the economy.
This law would allow merchants and employees to carry out transactions in Bitcoin to replace a dollar subject to inflation.
Thanks to Bitcoin, residents of the American state could finally regain control over their wallets and free ourselves from the dictates of the American Federal Reserve (Fed) or as Dusty Deevers says: “ Washington's Reckless Spending and Money Printing “.
👀 Sarah Knafo defends the idea of a strategic Bitcoin reserve in the European parliament
Restoring freedom and independence to people is a popular trend in the United States since the election of Donald Trump and this is the goal of Bitcoin since its creation by Satoshi Nakamoto.
This strength of Bitcoin was perfectly understood by Dusty Deevers: “ There's a reason why President Trump campaigned as a pro-Bitcoin candidate and spoke at major Bitcoin events “, he remarked.
Bitcoin has entered the mainstream of our economy and is undoubtedly an important part of the financial future.
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One State to start, then the others
This bill is ambitious, because it would be the first of its kind in the United Stateseven if some local initiatives already allow you to pay your taxes in Bitcoin, like in Detroit. By accepting Bitcoin as legal tender, Oklahoma would make history and move closer to El Salvador, which would have several advantages for the future.
It's always difficult to be the first to do something. In this case, it is necessary create or set up the infrastructure to circulate Bitcoin between the different economic actors.
This is precisely what this law wants to do: establish a framework to secure Bitcoin exchanges between different administrations, state agencies, private companies and individuals, while respecting the regulatory standards in force. A titanic job when you know how complicated the administration can be.
But necessary work which would subsequently allow similar laws to be put in place much more quickly and easily in other states.
🟥Is the United States really going to sell more than 69,000 Bitcoins?
Since the election of Donald Trump, the crypto ecosystem is firmly awaiting the advent of Bitcoin and the creation of a strategic reserve. However, the project is only just beginning.
It's difficult to quickly implement major changes in a country as large as the United States. Unfortunately, these things take time.
The idea of starting with states before acting at the federal level has already been put forward by several voices in the ecosystem. Just as El Salvador served as a laboratory for other countries in the worldan American state could act as sandbox for the rest of the country.
In any case, mentalities are changing in the United States. Less than a year ago, politicians didn't want to hear about Bitcoin. Today, senators like Dusty Deevers are giving this kind of speech:
At a time when inflation is eroding the purchasing power of Oklahoma workers, bitcoin offers a unique opportunity to protect income and investments.
When will there be such a political figure in France?
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Cryptocurrency expert, Marc-Antoine began his journey in Web 3 alongside David Prinçay (current president of Binance France) in the French Cryptocurrency Club. Since then, it is by writing articles in the best-known crypto media in France that he has spread the good word. If you've read an article about crypto, there's a good chance you've read one of his articles. NFT, Blockchain, Web 3, DeFi, there is not a sector that is foreign to it. And don't ask him what the next coin to buy is: it's a maximalist Bitcoin (yes, no one is perfect).
Marc-Antoine Caen Poletti
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