- Oklahoma joins Texas, Pennsylvania, Ohio, New Hampshire and North Dakota in having Bitcoin reserve proposals.
- State financial savings accounts and pension funds could 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 purchasing power,” Maynard stated. “As a decentralized form of money, Bitcoin cannot be manipulated or created by government entities. It is the ultimate store of value for those who believe in financial freedom and sound money principles.”
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 programs.
“This bill is about protecting the hard-earned money of Oklahoma’s citizens,” Maynard continued. “By diversifying our state’s savings and pension funds into digital assets, we are not only securing a stronger financial future for our state but also demonstrating Oklahoma’s leadership in adopting innovative fiscal 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.
