- 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, announced 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 many who consider in monetary freedom and sound cash rules.”
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 are actually actively taking a look at payments aimed toward incorporating BTC into their monetary techniques.
“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 property, we’re not solely securing a stronger monetary future for our state but additionally demonstrating Oklahoma’s management in adopting revolutionary 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.