{"id":618600,"date":"2025-01-16T16:09:23","date_gmt":"2025-01-16T16:09:23","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=618600"},"modified":"2025-01-16T16:09:23","modified_gmt":"2025-01-16T16:09:23","slug":"oklahoma-proposes-bill-to-make-strategic-bitcoin-reserve","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/oklahoma-proposes-bill-to-make-strategic-bitcoin-reserve","title":{"rendered":"Oklahoma Proposes Bill To Make Strategic Bitcoin Reserve"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">A new bill aimed at establishing a strategic Bitcoin reserve was introduced to the Oklahoma House of Representatives on January 15.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> This move reflects similar initiatives in several other US states. <\/span><span style=\"font-weight: 400;\">Oklahoma Representative Cody Maynard has introduced the bill to establish a strategic Bitcoin reserve, enabling the state to invest in cryptocurrencies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/legiscan.com\/OK\/bill\/HB1203\/2025\">House Bill 1203<\/a>, also called the Strategic Bitcoin Reserve Act, would allow Oklahoma&rsquo;s pension funds and state savings accounts to allocate a portion of their assets to Bitcoin as a hedge against inflation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&ldquo;Bitcoin represents freedom from bureaucrats printing away our purchasing power,&rdquo; Maynard said. He highlighted the advantage of Bitcoin as a decentralized form of money, and as such, cannot be controlled or created by government entities:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&ldquo;It is the ultimate store of value for those who believe in financial freedom and sound money principles.&rdquo;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128293; NEW: Representative Cody Maynard introduces the Strategic <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> Reserve Bill, aiming to establish Oklahoma as a leader in Bitcoin adoption. &#128640; <a href=\"https:\/\/twitter.com\/hashtag\/CryptoNews?src=hash&amp;ref_src=twsrc%5Etfw\">#CryptoNews<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BitcoinPolicy?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinPolicy<\/a> <a href=\"https:\/\/t.co\/KiRdCXy8UJ\">pic.twitter.com\/KiRdCXy8UJ<\/a><\/p>\n<p>&mdash; Waseem Saeed (@thewaseemsaeed) <a href=\"https:\/\/twitter.com\/thewaseemsaeed\/status\/1879763456775332090?ref_src=twsrc%5Etfw\">January 16, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">What the bill proposes goes hand in hand with President-elect Donald Trump&rsquo;s promise to establish a strategic Bitcoin reserve and position the nation as a global leader in the cryptocurrency sector.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Several Other States Proposed Strategic Bitcoin Reserve Bills&nbsp;<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Oklahoma is not the only state that has introduced the Bitcoin strategic bill. In November 2024, Pennsylvania lawmakers submitted a proposal, allowing the state Treasury to invest up to 10% of its assets in Bitcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">State Representative Mike Cabell advocated for adopting Bitcoin diversification strategies that are similar to those used by private investment firms such as BlackRock and Fidelity. He emphasized that Bitcoin has the potential to protect state purchasing power against inflation and during periods of economic uncertainty.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Texas has also joined the initiative by filing the Texas Strategic Bitcoin Reserve Act on December 12, introduced by state lawmaker Giovanni Capriglione. The proposal recommends that the Texas comptroller of public accounts should hold Bitcoin as a reserve for at least five years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">North Dakota and New Hampshire introduced Bitcoin strategic reserve bills on January 10.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The New Hampshire proposal uses the term &ldquo;digital assets,&rdquo; implying that other crypto assets could be included in addition to Bitcoin.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Dennis Porter, co-founder and CEO of the Bitcoin advocacy group Satoshi Action Fund, highlighted that the North Dakota bill has already garnered 11 co-sponsors.<\/span><\/p>\n<h3>Related Articles<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/rarible-taps-analog-to-streamline-cross-chain-nft-trading\">Rarible Taps Analog To Streamline Cross-chain NFT Trading<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/hashkey-says-bitcoin-will-hit-300000-this-year\">HashKey Says Bitcoin Will Hit $300,000 This Year<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/polymarket-users-bet-almost-1-million-that-donald-trump-will-mention-bitcoin-dogecoin-or-crypto-in-inauguration-day-speech\">Polymarket Users Bet Almost $1 Million That Donald Trump Will Mention Bitcoin, Dogecoin Or Crypto In Inauguration Day Speech<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Newest Meme Coin ICO - 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This move reflects similar <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":2006,"featured_media":618601,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-618600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oklahoma Proposes Bill For Strategic Bitcoin Reserve<\/title>\n<meta name=\"description\" content=\"A bill to create a strategic Bitcoin reserve was introduced to the Oklahoma House of Representatives by State Representative Cody Maynard.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/618600\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oklahoma Proposes Bill To Make Strategic Bitcoin Reserve\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-16T16:09:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/Bitcoin_Trump.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"338\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Danica Jovic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Danica Jovic\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/618600#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/618600\"},\"author\":{\"name\":\"Danica Jovic\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/e3c5462fa9dacfd8a5e6c3e4617fcf5c\"},\"headline\":\"Oklahoma Proposes Bill To Make Strategic Bitcoin Reserve\",\"datePublished\":\"2025-01-16T16:09:23+00:00\",\"dateModified\":\"2025-01-16T16:09:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/618600\"},\"wordCount\":405,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/618600#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/Bitcoin_Trump.jpg\",\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/618600\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/618600\",\"name\":\"Oklahoma Proposes Bill For Strategic Bitcoin Reserve\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/618600#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/618600#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/Bitcoin_Trump.jpg\",\"datePublished\":\"2025-01-16T16:09:23+00:00\",\"dateModified\":\"2025-01-16T16:09:23+00:00\",\"description\":\"A bill to create a strategic Bitcoin reserve was introduced to the Oklahoma House of Representatives by State Representative Cody Maynard.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/618600\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/618600#primaryimage\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/Bitcoin_Trump.jpg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/Bitcoin_Trump.jpg\",\"width\":600,\"height\":338,\"caption\":\"Bitcoin\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search &amp; 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