Dennis Porter, co-founder of the Satoshi Motion Fund, introduced on X that the Oklahoma State Fee has handed the HB 1203 “Strategic Bitcoin Reserve” invoice.
BREAKING: A invoice to ascertain a ‘Strategic Bitcoin Reserve’ has simply handed out of committee in Oklahoma. 🇺🇸
— Dennis Porter (@Dennis_Porter_) February 11, 2025
The state’s Strategic Bitcoin Reserve invoice handed the committee stage by a vote of 6 to 2 and has superior to a ground vote. Each Arizona and Oklahoma’s Bitcoin reserve payments are at an analogous stage behind Utah.
Oklahoma and Arizona’s Bitcoin Reserve payments at the moment are at an analogous stage, simply behind Utah. pic.twitter.com/Wv7OeG6JWj
— Bitcoin Legal guidelines (@Bitcoin_Laws) February 11, 2025
Launched by Consultant Cody Maynard on January 15, 2024, Home Invoice 1203 would let the state’s financial savings accounts and pension funds spend money on Bitcoin alongside conventional belongings. Maynard stated that Bitcoin is “freedom from bureaucrats printing away our buying energy,” and talked about that it brings monetary stability for the the residents of the state and protects their cash from inflation.
Texas is already pushing ahead with its Bitcoin reserve. Pennsylvania additionally proposed allocating 10% of the state’s normal and emergency funds to Bitcoin earlier in November. Alternatively, North Dakota is testing the waters with a decision supporting Bitcoin.
