- Oklahoma joins Texas, Pennsylvania, Ohio, New Hampshire and North Dakota in having Bitcoin reserve proposals.
- State financial savings accounts and pension funds can have the nod to spend money on BTC if the invoice passes.
Oklahoma is the newest 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 would 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 stated. “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 related initiatives in Texas, Pennsylvania, Ohio, New Hampshire and North Dakota. With Oklahoma taking this step, six US states at the moment are actively payments geared toward incorporating BTC into their monetary programs.
“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 aren’t solely securing a stronger monetary future for our state but in addition demonstrating Oklahoma’s management in adopting revolutionary fiscal insurance policies.”
President Donald Trump helps the thought 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.
