Oklahoma joins Texas, Pennsylvania, Ohio, New Hampshire, and North Dakota in proposing Bitcoin reserves.
If the bill passes, state savings accounts and pension funds would agree to invest in BTC.
Oklahoma is the latest US state to focus on strategic Bitcoin reserves after Congressman Cody Maynard formally introduced the Strategic Bitcoin Reserve Act.
On Wednesday, January 15, 2025, Congressman Cody Maynard announced the introduction of a groundbreaking proposal that could see Oklahoma accept sound funding to add BTC to the state’s strategic reserve fund.
“Bitcoin represents freedom from bureaucrats printing our purchasing power,” Maynard said. “As a decentralized currency, Bitcoin cannot be manipulated or created by any government entity. It is the ultimate store of value for those who believe in economic freedom and sound money principles.”
6th state in US to propose BTC reserves
The announcement follows similar efforts in Texas, Pennsylvania, Ohio, New Hampshire and North Dakota. With Oklahoma taking this step, six US states are actively considering legislation aimed at incorporating BTC into their financial systems.
“This bill is about protecting Oklahomans’ hard-earned money,” Maynard continued. “Diversifying the state’s savings and pension funds into digital assets will not only ensure a stronger financial future for the state, but also demonstrate Oklahoma’s leadership in implementing innovative fiscal policies. It will be.”
President Donald Trump supports the idea of a U.S. Bitcoin reserve, and lawmakers are optimistic that the new administration will make the U.S. a center for cryptocurrencies and BTC. U.S. Senator Cynthia Lummis recently introduced Bitcoin legislation that would require the U.S. government to add BTC to its strategic reserves.
A new bill in Oklahoma aims to force the state’s savings accounts and pension funds to invest in Bitcoin.
