• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Reserves in Texas and Oklahoma: New Legislative Proposals

user avatar

by Giorgi Kostiuk

3 months ago


Texas and Oklahoma are taking steps to establish bitcoin reserves. New bills have been proposed to integrate bitcoin into state finances.

Texas Senate Bill SB 778

Texas Senator Charles Schwertner announced the submission of Bill SB 778, proposing the creation of the first-ever state-level Bitcoin strategic reserve in the United States. Schwertner emphasizes its potential to enhance economic growth and financial freedom in Texas, aiming to position the state as a leader in the digital economy.

It's time for Texas to lead the way in establishing a Strategic Bitcoin Reserve. That’s why I filed SB 778, which, if passed and signed into law, would make Texas the first state in the nation to establish such a reserve.Charles Schwertner

Oklahoma House Bill 1203

Oklahoma is also considering establishing a Bitcoin reserve. Representative Cody Maynard introduced House Bill 1203, proposing to allocate portions of Oklahoma's state savings accounts and pension funds to Bitcoin. Maynard believes Bitcoin can protect against inflation and ensure financial security, being immune to governmental manipulations.

Bitcoin represents freedom from bureaucrats printing away our purchasing power. As a decentralized form of money, Bitcoin cannot be manipulated or created by government entities. It is the ultimate store of value for those who believe in financial freedom and sound money principles.Cody Maynard

The Trend of Bitcoin Reserves

Texas and Oklahoma are not alone in considering Bitcoin as a strategic reserve. Other states, such as Pennsylvania and New England, are also exploring the inclusion of digital assets in their state financial systems. Internationally, countries like Japan and Switzerland are researching ways to integrate Bitcoin into their financial frameworks.

The movement to incorporate Bitcoin into state finances is gaining momentum both in the US and abroad. Legislative efforts in Texas and Oklahoma illustrate the growing interest in using digital assets to maintain financial stability.

0

Share

Other news

Nexchain: A Promising Project at the Intersection of Blockchain and AI

Nexchain represents a new project in the blockchain market integrating AI for high speed and efficiency.

user avatarGiorgi Kostiuk

6 minutes ago

Crypto Fear & Greed Index Signals Recovery

Crypto Fear & Greed Index rises to 25, indicating increased investor confidence despite caution.

user avatarGiorgi Kostiuk

8 minutes ago

Dollar Shows Strength While Euro Weakens: Analyzing Forex Trends

Exploring recent shifts of the dollar and euro in the Forex market and their implications for the economy and traders.

user avatarGiorgi Kostiuk

9 minutes ago

OKX Fined €1.1 Million by Malta for AML Violations

Crypto exchange OKX fined €1.1 million by Malta for systematic breaches of anti-money laundering regulations.

user avatarGiorgi Kostiuk

11 minutes ago

How the Energy Crisis is Shaping Bitcoin Mining in 2025

In 2025, rising electricity prices reshape the Bitcoin mining landscape, creating demand for cloud solutions to reduce costs.

user avatarGiorgi Kostiuk

16 minutes ago

Strategic Cooperation Between Kyrgyzstan and Changpeng Zhao to Develop Blockchain

Kyrgyzstan has signed a Memorandum of Understanding with Changpeng Zhao to develop blockchain infrastructure and cryptocurrency.

user avatarGiorgi Kostiuk

19 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.