The Strategic Bitcoin Reserve Bill in Oklahoma has successfully passed the committee vote and is moving to a full vote.
Move to a full vote
The Strategic Bitcoin Reserve Bill (House Bill 1203) has successfully passed the vote in the Oklahoma House Committee, gaining support from 12 of 14 members. The document now moves to the full vote in the House.
Bill provisions and initiators
The bill will allow Oklahoma's treasury to invest up to 10% of its public funds in Bitcoin (BTC) or other digital assets with a market value exceeding $500 billion. One of the bill’s initiators is Rep. Cody Maynard, who was acknowledged by Dennis Porter, founder of the Satoshi Act Fund.
Context and other initiatives
Oklahoma becomes part of the US state movement developing strategic Bitcoin reserve laws. Currently, 25 states have proposed similar bills, with 18 awaiting approval, two under consideration, and five rejected. Additionally, Oklahoma Senator Dusty Deevers previously introduced the 'Bitcoin Freedom Act', which allows payroll and payment acceptance in BTC.
The advancement of Oklahoma's Bitcoin Reserve Bill reflects the growing interest and acceptance of digital assets in state financial strategies across the US.
