- Oklahoma joins Texas, Pennsylvania, Ohio, New Hampshire and North Dakota in proposing a bitcoin reserve.
- If the invoice passes, authorities financial savings accounts and pension funds will have the ability to spend money on BTC.
Oklahoma is the newest US state to focus on a strategic bitcoin reserve after Rep. Cody Maynard formally launched the “Strategic Bitcoin Reserve Act.”
On Wednesday, January 15, 2025, Rep. Cody Maynard introduced the introduction of a groundbreaking proposal that might push Oklahoma to undertake sound cash with the addition of BTC to the state's strategic reserve.
“Bitcoin represents freedom from the bureaucrats who squeeze 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 many who consider in monetary freedom and sound cash ideas.”
Sixth US state to suggest BTC reserve
The announcement follows related initiatives in Texas, Pennsylvania, Ohio, New Hampshire and North Dakota. With Oklahoma's transfer, six US states are actually actively payments aimed toward incorporating BTC into their monetary techniques.
“This invoice is about defending the hard-earned cash of the residents of Oklahoma,” Maynard continued. “By diversifying our state financial savings and pension funds into digital belongings, we not solely guarantee a stronger monetary future for our state, but additionally display Oklahoma's management in adopting progressive fiscal insurance policies.”
President Donald Trump is backing the thought of a US bitcoin reserve, a transfer that has lawmakers optimistic that the brand new administration will make America a cryptocurrency and BTC hub. US Senator Cynthia Lummis just lately launched the Bitcoin Act, which seeks to have the US authorities add BTC to its strategic reserve.
Oklahoma's new regulation seeks to require state financial savings accounts and pension funds to spend money on bitcoin.
