Texas and Oklahoma are taking significant steps to integrate Bitcoin into their state economies by introducing relevant bills.
Texas Senate Bill SB 778
Texas Senator Charles Schwertner introduced Bill SB 778, proposing the creation of the nation's first state-level Bitcoin strategic reserve.
Oklahoma House Bill 1203
In Oklahoma, Representative Cody Maynard introduced House Bill 1203, proposing the allocation of portions of state savings and pension funds to Bitcoin.
The Growing Trend of Bitcoin Reserve Legislation
Other states are also exploring Bitcoin integration in public finance. For example, Pennsylvania proposed investing up to 10% of its treasury in Bitcoin. Some states, like New Hampshire, are implementing bills that include digital assets as part of their financial strategy.
Legislative initiatives in Texas and Oklahoma emphasize the growing interest in Bitcoin as a financial tool. This could mark the beginning of a broader trend on the regional and international levels.
