Oklahoma Strategic Bitcoin Reserve bill (HB1203) has passed the House vote with 77-15.
Oklahoma’s Strategic Bitcoin Reserve Bill (HB1203) has cleared a significant hurdle by passing the state House with a strong majority (77-15). If enacted into law, the bill would authorize the state to allocate up to 10% of its public funds to Bitcoin or other digital assets with a market cap exceeding $500 billion.
Key Details of the Bill:
- Investment Cap: Ten percent of Oklahoma’s public funds could be allocated to Bitcoin or other large-cap digital assets.
- Eligible Assets: Only cryptocurrencies with a market cap of $500B+ qualify (currently, only Bitcoin meets this threshold).
- Purpose: Potentially diversifies state reserves, hedges against inflation, and positions Oklahoma as a pro-Bitcoin state.
Next Steps:
- The bill now moves to the Oklahoma Senate for approval.
- If passed, it goes to Governor Kevin Stitt (pro-crypto) for signing.
Why This Matters:
- Oklahoma could become the second U.S. state (after Texas) to allocate treasury funds to Bitcoin.
- Signals growing institutional adoption of Bitcoin as a reserve asset.
- May encourage other states to explore similar policies.
Potential Concerns:
- Volatility risk – Bitcoin’s price swings could affect state finances.
- Regulatory uncertainty – Federal crypto regulations remain unclear.
If successful, this could set a precedent for more states to hold Bitcoin in their treasuries.
Would you like updates on its progress in the Senate?
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