In recent developments within the crypto space, Oklahoma Senator Dusty Deevers has introduced the Bitcoin Freedom Act, proposing that residents can opt to receive salaries in Bitcoin. Deevers emphasized that this legislation aims to offer financial protection against inflation and align Oklahoma with advancing financial technologies. The act ensures voluntary participation and aims to establish a framework for Bitcoin usage in the state. Furthermore, Ethereum layer-2 developer Movement Labs is reportedly closing a $100 million funding round, positioning itself with a valuation of around $3 billion and enhancing its Web3 initiatives. In addition, BitMEX co-founder Arthur Hayes forecasts that the US Treasury could see an influx of $612 billion in liquidity by March 2025, which may offset potential regulatory uncertainties looming over the crypto market. While Bitcoin’s market performance showed a decline below the $100,000 mark recently, these developments indicate a potential rally in early 2025 as liquidity from the US Fed emerges.

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