Oklahoma is one step closer to becoming the first U.S. state to invest in Bitcoin as public funds. The Strategic Bitcoin Reserve Act (HB 1203) cleared the House Government Oversight Committee with a 12-2 vote and now moves to the House floor. |
If passed, it would allow the state treasury to allocate up to 10% of public funds into digital assets with a market cap above $500 million—currently, only Bitcoin qualifies. Supporters argue Bitcoin can hedge against inflation, while critics cite volatility risks. A final House vote will determine whether Oklahoma cements its pro-Bitcoin stance. Get er done @osu2082 ! |
