Oklahoma Bill Would Let State Workers and Vendors Opt for Bitcoin Pay

Overview

• Sen. Dusty Deevers introduced SB 2064 to establish a voluntary framework for bitcoin payments across state payroll, procurement, and private transactions.
• State employees could choose bitcoin for part or all of their wages each pay period, select valuation at the start of the period or at payment, and use self-custody or custodial wallets.
• Vendors contracting with the state could opt to be paid in bitcoin on a per-transaction basis, with value set by market price at payment unless otherwise agreed in writing.
• The proposal sets an effective date of November 1, 2026, and directs the State Treasurer to run an RFP and finalize a processor contract by January 1, 2027.
• The Oklahoma Tax Commission must issue tax guidance by January 1, 2027, and bitcoin-only firms that do not convert to U.S. dollars would be exempt from state money-transmitter licensing.