- Oklahoma joins Texas, Pennsylvania, Ohio, New Hampshire and North Dakota in having Bitcoin reserve proposals.
- State financial savings accounts and pension budget may have the nod to put money into BTC if the invoice passes.
Oklahoma is the most recent US state to eye a strategic Bitcoin reserve after Rep. Cody Maynard formally offered a ‘Strategic Bitcoin Reserve Act.’
On Wednesday, January 15, 2025, Rep. Cody Maynard, introduced the advent of the groundbreaking proposal that would see Oklahoma embody 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 through govt entities. It’s the final retailer of worth for individuals who imagine in monetary freedom and sound cash rules.”
6th US state with a BTC reserve proposal
The announcement follows an identical tasks 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 expenses aimed toward incorporating BTC into their monetary methods.
“This invoice is ready protective the hard earned cash of Oklahoma’s voters,” Maynard persisted. “By means of diversifying our state’s financial savings and pension budget into virtual belongings, we aren’t handiest securing a more potent monetary long run for our state but in addition demonstrating Oklahoma’s management in adopting cutting edge fiscal insurance policies.”
President Donald Trump helps the speculation of a US bitcoin reserve, a transfer that has legislators positive the brand new management will make The us the hub of crypto and BTC. US Senator Cynthia Lummis lately offered the Bitcoin Act, which seeks to have the USA govt upload BTC to its strategic reserve.
Oklahoma’s new invoice seeks to have the state’s financial savings accounts and pension budget put money into Bitcoin.