Oklahoma Senate Bill 2064, a 2026 Bitcoin payments proposal in the Oklahoma Legislature, would have created a voluntary framework for receiving certain payments in bitcoin. The measure was introduced by Senator Dusty Deevers during the 2nd Session of the 60th Legislature and was referred to the Senate Revenue and Taxation Committee after second reading. As of June 12, 2026, the profile treats SB 2064 as expired because the 2026 regular session adjourned sine die and the official bill page lists no committee report, floor vote, or enactment.
The bill’s working concept was legislative intent around Bitcoin rather than a legal-tender law. The introduced text stated that the proposal did not establish Bitcoin as legal tender. Instead, it framed Bitcoin as a financial instrument and medium of exchange that could be used within existing state and federal legal frameworks.
What Oklahoma SB 2064 proposed
SB 2064 would have authorized state employees, private businesses, corporations, other entities, and Oklahoma residents to negotiate and receive salaries, wages, and other compensation in Bitcoin. The framework was voluntary: the text described elections, agreements, and purchase-order-level choices rather than mandatory acceptance of Bitcoin by employees, vendors, or residents.
For state employees, the proposal would have required a written or electronic agreement with the state identifying how Bitcoin compensation would be valued. The bill allowed valuation based on the market value of Bitcoin either at the beginning of the pay period or at the time of payment. It also would have allowed an employee to revise the election at the start of each pay period and to receive compensation in Bitcoin, U.S. dollars, or a combination of both.
Key provisions for Bitcoin payments
- Vendor payments: A vendor could elect to receive Bitcoin at the creation of a purchase order, with the election binding for that transaction.
- Wallet choice: State employee payments could be deposited into a self-hosted wallet or into an employee-designated third-party account capable of holding Bitcoin.
- Licensing carveout: A firm dealing with digital assets that did not accept U.S. currency payments or exchange digital assets for U.S. currency would not have been required to obtain an Oklahoma money transmitter license under the cited state statute.
- Implementation procurement: The State Treasurer would have issued a request for proposal for a digital-asset firm to process Bitcoin payments for state employees and vendors.
- Tax guidance: The Oklahoma Tax Commission would have issued guidance on the tax implications of receiving digital assets as payment.
Status and proposed dates
The introduced bill carried a proposed effective date of November 1, 2026. It also would have required the State Treasurer to enter into a contract with a selected firm by January 1, 2027, and required Oklahoma Tax Commission guidance by the same date. Because the bill did not become law, these dates should be read as proposed implementation dates in the introduced text, not operative legal deadlines.
Official history shows first reading and authorship on February 2, 2026, followed by second reading and referral to the Senate Revenue and Taxation Committee on February 3, 2026. The official bill page listed no votes and no committee report. HCR 1027 provided for sine die adjournment of the Oklahoma Legislature at 5:00 p.m. on May 14, 2026, if the chambers were not reconvened, which is why this profile maps the measure to an expired bill status rather than an active in-committee status.
Regulatory context
SB 2064 sat at the intersection of payments policy, self-custody, state procurement, money transmission, and tax reporting. Its most important limitation was that it did not purport to replace U.S. dollar obligations or declare Bitcoin legal tender. For CryptoSlate taxonomy purposes, the profile is best classified as a state bill focused on payments, licensing and registration, self-custody, taxation and reporting, and the regulatory perimeter for Bitcoin-related transactions.
This profile is a legal-reference summary for editorial and research use. It does not provide legal, tax, investment, or compliance advice.