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Cryptopolitan 2025-02-12 03:19:50

Oklahoma’s Strategic Bitcoin Reserve Bill passes out of committee

Dennis Porter, co-founder of the Satoshi Action Fund, announced on X that the Oklahoma State Commission has passed the HB 1203 “Strategic Bitcoin Reserve” bill. BREAKING: A bill to establish a ‘Strategic Bitcoin Reserve’ has just passed out of committee in Oklahoma. 🇺🇸 — Dennis Porter (@Dennis_Porter_) February 11, 2025 The state’s Strategic Bitcoin Reserve bill passed the committee stage by a vote of 6 to 2 and has advanced to a floor vote. Both Arizona and Oklahoma’s Bitcoin reserve bills are at a similar stage behind Utah. Oklahoma and Arizona's Bitcoin Reserve bills are now at a similar stage, just behind Utah. pic.twitter.com/Wv7OeG6JWj — Bitcoin Laws (@Bitcoin_Laws) February 11, 2025 Introduced by Representative Cody Maynard on January 15, 2024, House Bill 1203 would let the state’s savings accounts and pension funds invest in Bitcoin alongside traditional assets. Maynard said that Bitcoin is “freedom from bureaucrats printing away our purchasing power,” and mentioned that it brings financial stability for the the residents of the state and protects their money from inflation. Texas is already pushing forward with its Bitcoin reserve. Pennsylvania also proposed allocating 10% of the state’s general and emergency funds to Bitcoin earlier in November. On the other hand, North Dakota is testing the waters with a resolution supporting Bitcoin. Cryptopolitan Academy: Are You Making These Web3 Resume Mistakes? - Find Out Here