
As work on a strategic Bitcoin reserve continues in the United States, Oklahoma Republican Senator Dusty Deevers has introduced a bill that would allow employees and residents in the state to receive their salaries in Bitcoin and allow merchants to accept BTC payments. The “Bitcoin Freedom Act,” introduced to the Oklahoma legislature by Senator Dusty Deevers, aims to provide an alternative to the inflation-stricken U.S. dollar by giving employees and merchants in the state the option to transact with Bitcoin. Deevers said the following about his proposal in a statement: “At a time when inflation is reducing Oklahomans’ purchasing power, Bitcoin (BTC) presents a unique opportunity for people to protect their earnings and investments. The bill ensures that participation is entirely voluntary, respects free market principles and allows employees, employers and businesses to choose their own payment options.” Senator Deevers also praised Donald Trump’s pro-Bitcoin campaign, saying, “There’s a reason President Trump campaigned heavily as a pro-Bitcoin candidate and spoke at major Bitcoin events. Bitcoin has entered the mainstream of our economy and is undoubtedly an important part of the financial future.” The Bitcoin Freedom Act, introduced by Dusty Deevers, is expected to be taken up in the 60th legislative session that begins on February 3. In May of last year, the state of Oklahoma took a significant step by passing a bill that guarantees residents the right to self-custody their digital assets. *This is not investment advice. Continue Reading: As the US Prepares for a Bitcoin Sale, a State Introduces a Landmark Bill for BTC and Cryptocurrencies!
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Bitcoin Price Stability Hints at Market Uncertainty as Tariff Reversal Seems Inevitable

In a pivotal moment for global markets, Bitcoin’s stability is being tested amid looming tariff announcements from President Trump. As investors brace for potential upheavals, the correlation between Bitcoin and BitcoinSistemi

Will ‘Liberation Day’ tariffs send XRP below $2?
There is a distinct possibility that XRP below $2 could soon become a reality. Donald Trump’s ‘Liberation Day’ tariffs are set to be announced later today. While duties levied on imports don’t have a direct effect on the cryptocurrency market , they do have an indirect effect — which has proven to be no less impactful. Simply put, the budding trade war brings resurgent fears of inflation, increases the possibility of recession, and decreases the odds of long-awaited rate cuts. This tends to make investors more than a little skittish — resulting in a risk asset selloff and a pivot to more conservative holdings. At press time, XRP was changing hands at $2.12. A 14.02% drop on the weekly chart has brought year-to-date (YTD) gains down to 1.91%. XRP price 1-week and year-to-date (YTD) charts. Source: Finbold Despite a landmark legal victory, recent events have not provided enough of a catalyst to sustain an upward trajectory for the digital asset. The token has lost roughly $26 billion in market capitalization since the conclusion of the SEC case. At present, the $2 mark represents a crucial and psychologically important support level. Ahead of the tariff announcements, crypto traders seem to have turned bearish. The possibility of XRP’s price falling below $2 is becoming increasingly plausible, especially if investors continue to offload risk assets. Short ratio and supply dynamics could send XRP price below $2 On April 1 and April 2, short positions outnumbered long positions , per data retrieved by Finbold from CoinGlass . To be more precise, at present, the long/short ratio of XRP stands at 0.93, with 51.62% of newly opened positions being short sales. XRP short ratio chart. Source: CoinGlass In addition, on April 1, Ripple unlocked 500 million XRP — and with 500 million more well on the way, supply and demand dynamics could exert additional downside pressure. While the present outlook remains bearish , the token’s long-term prospects appear to be intact, at least per technical analysts , as independent signals provider Investing Scope recently highlighted a possible channel up formation. If legitimate, the pattern could outline a pathway to levels as high as $6.50 . XRP price chart with channel-up chart pattern. Source: Investing Scope on TradingView With that being said, readers should exercise caution in the near term, as significant volatility is expected in the coming days. Featured image via Shutterstock The post Will ‘Liberation Day’ tariffs send XRP below $2? appeared first on Finbold . BitcoinSistemi