Bitcoin; authorizing employee compensation to be made in Bitcoin; authorizing vendor payments to be made in Bitcoin; prescribing procedures. Effective date.

SB 325 allows Oklahoma state employees, private businesses, and individuals to negotiate and receive compensation (including salaries) and vendor payments in Bitcoin, while defining key terms like "Bitcoin" and "digital asset." It exempts crypto firms that don’t handle U.S. currency from state money transmitter licensing requirements and requires the State Treasurer to create requests for proposals for Bitcoin-related services. The bill clarifies Bitcoin is not legal tender but a recognized financial instrument within existing legal frameworks, with payments valued at market rate at transaction time. It does not mandate Bitcoin use but provides a regulatory structure for its adoption in state transactions.