Oklahoma’s Strategic Bitcoin Reserve Bill – also known as Strategic Bitcoin Reserve Act – has been approved by the House Committee. It will now be debated on the House Floor. The Strategic Bitcoin Reserve Bill, also called the Strategic Blockchain Reserve Act by Oklahomans, passed its House committee and will now move to the full house. bill passed the Government Oversight Committee with a 12–2 vote on February 25.
JUST IN: 🇺🇸 Oklahoma’s Government Oversight Committee passes Strategic Bitcoin Reserve bill, advances to House floor.
— Watcher.Guru (@WatcherGuru) February 26, 2025
This proposal allows the Oklahoma State Treasury to invest in any digital assets with market capitalizations of $500 billion over the last calendar year. Bitcoin is currently the only digital currency that meets this requirement. Officially, 20 US States introduced legislation that aims to create cryptocurrency reserves. Five states, Montana, North Dakota Pennsylvania South Dakota and Wyoming have rejected or killed their BTC legislation.
Representatives in Montana have shared their views on investing tax dollars into digital assets. Rep. Steven Kelly said. “It’s still taxpayer money, and we’re responsible for it, and we need to protect it.” He also said that “these types of investments are way too risky.”
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This state-level initiative to invest in crypto could potentially inject as much as $23 billion of Bitcoin into the market. It reflects both state Bitcoin legislation and growing market acceptance. The United States is also incredibly receptive to Bitcoin. still weighing establishing a strategic Bitcoin reserve Donald Trump’s crypto regulatory team is leading the charge to build up a digital assets stockpile.
Oklahoma’s Bill for Strategic Bitcoin Reserve will be either debated on the House Floor, or amended, and/or decided upon.
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Source: watcher.guru
