Oklahoma is moving forward in its efforts to adopt Bitcoin. The state has passed a bill called HB 1203, also known as the “Strategic Bitcoin Reserve” bill. This bill allows Oklahoma’s savings accounts and pension funds to invest in Bitcoin. It has already passed the committee stage with a 6-2 vote and is now going to a floor vote.
The bill was introduced by Representative Cody Maynard, and its main goal is to protect residents from inflation and promote financial stability. Oklahoma is now joining Arizona and Utah in the race to establish a Bitcoin reserve. Other states like Texas and Pennsylvania are also exploring similar initiatives. This growing momentum shows a shift towards integrating Bitcoin into state economies.
Overall, Oklahoma’s Bitcoin Reserve bill is a significant step towards adopting and utilizing Bitcoin within the state.
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