This bill is probably too based to pass at the state level, let alone the federal level, but it's exactly what I hope to see at all levels.
The Bill formalizes how merchants and state employees can accept bitcoin as payment and exempts non-custodial software developers and decentralized exchanges from being made liable to overreaching Bank Secrecy Act regulation.The Bill, introduced last week, states that "any firm that deals with digital assets and does not accept United States currency payments or exchanges digital assets for United States currency shall not be required to obtain a state money transmitters license" in the State of Oklahoma.It further states that "any employee of this state, business, corporation, other entity, and resident of this state may negotiate and receive payment and compensation, including salaries, wages, and other forms of compensation, in Bitcoin," and "at the creation of a purchase order, any vendor may elect to receive payment in the form of Bitcoin."