• Oklahoma joins Texas, Pennsylvania, Ohio, New Hampshire, and North Dakota in proposing Bitcoin reserves.
• If the invoice passes, state financial savings accounts and pension funds would conform to spend money on BTC.

Oklahoma is the newest US state to deal with strategic Bitcoin reserves after Congressman Cody Maynard formally launched the Strategic Bitcoin Reserve Act.

On Wednesday, January 15, 2025, Congressman Cody Maynard introduced the introduction of a groundbreaking proposal that might see Oklahoma settle for sound funding so as to add BTC to the state's strategic reserve fund.

“Bitcoin represents freedom from bureaucrats printing our buying energy,” Maynard stated. “As a decentralized foreign money, Bitcoin can’t be manipulated or created by any authorities entity. It’s the final retailer of worth for many who imagine in financial freedom and sound cash ideas.”

sixth state in US to suggest BTC reserves

The announcement follows related efforts in Texas, Pennsylvania, Ohio, New Hampshire and North Dakota. With Oklahoma taking this step, six US states are actively contemplating laws geared toward incorporating BTC into their monetary programs.

“This invoice is about defending Oklahomans’ hard-earned cash,” Maynard continued. “Diversifying the state's financial savings and pension funds into digital property is not going to solely guarantee a stronger monetary future for the state, however will even exhibit Oklahoma's management in implementing modern fiscal insurance policies. Will probably be.”

President Donald Trump helps the concept of ​​a U.S. Bitcoin reserve, and lawmakers are optimistic that the brand new administration will make the U.S. a middle for cryptocurrencies and BTC. US Senator Cynthia Lummis just lately launched Bitcoin laws that might require the US authorities so as to add BTC to its strategic reserves.

A brand new invoice in Oklahoma goals to pressure the state's financial savings accounts and pension funds to spend money on Bitcoin.