Oklahoma introduces strategic Bitcoin reserve act

• Oklahoma joins Texas, Pennsylvania, Ohio, New Hampshire and North Dakota in having Bitcoin reserve proposals.
• State financial savings accounts and pension funds may have the nod to spend money on BTC if the invoice passes.

Oklahoma is the most recent US state to eye a strategic Bitcoin reserve after Rep. Cody Maynard formally launched a ‘Strategic Bitcoin Reserve Act.’

On Wednesday, January 15, 2025, Rep. Cody Maynard, introduced the introduction of the groundbreaking proposal that might see Oklahoma embrace sound cash with addition of BTC to state’s strategic reserve.

“Bitcoin represents freedom from bureaucrats printing away our buying energy,” Maynard mentioned. “As a decentralized type of cash, Bitcoin can’t be manipulated or created by authorities entities. It’s the final retailer of worth for individuals who imagine in monetary freedom and sound cash ideas.”

Sixth US state with a BTC reserve proposal

The announcement follows comparable initiatives in Texas, Pennsylvania, Ohio, New Hampshire and North Dakota. With Oklahoma taking this step, six US states at the moment are actively taking a look at payments aimed toward incorporating BTC into their monetary methods.

 “This invoice is about defending the hard-earned cash of Oklahoma’s residents,” Maynard continued. “By diversifying our state’s financial savings and pension funds into digital belongings, we’re not solely securing a stronger monetary future for our state but in addition demonstrating Oklahoma’s management in adopting modern fiscal insurance policies.”

President Donald Trump helps the concept of a US bitcoin reserve, a transfer that has legislators optimistic the brand new administration will make America the hub of crypto and BTC. US Senator Cynthia Lummis lately launched the Bitcoin Act, which seeks to have the US authorities add BTC to its strategic reserve.

Oklahoma’s new invoice seeks to have the state’s financial savings accounts and pension funds spend money on Bitcoin.