- 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 be allowed to invest in BTC
Oklahoma has become the latest U.S. state to pursue a strategic bitcoin reserve after Representative Cody Maynard officially introduced the “Strategic Bitcoin Reserve Act.”
On Wednesday, January 15, 2025, Representative Cody Maynard announced the introduction of a landmark bill that could prompt Oklahoma to adopt sound-money principles by adding BTC to the state’s strategic reserve.
“Bitcoin represents freedom from bureaucrats who dilute our purchasing power,” Maynard said.
“As a decentralized form of money, bitcoin cannot be manipulated or created by government entities. It is an ultimate store of value for those who believe in financial freedom and sound monetary principles.”
Sixth U.S. state to propose a BTC reserve
The announcement follows similar initiatives in Texas, Pennsylvania, Ohio, New Hampshire and North Dakota. With this move, Oklahoma becomes the sixth state actively considering legislation to incorporate BTC into its financial framework.
“This bill is about protecting the hard-earned money of Oklahoma citizens,” Maynard continued.
“By diversifying our state savings and pension funds into digital assets, we not only secure a stronger financial future for our state but also demonstrate Oklahoma’s leadership in adopting innovative fiscal policies.”
Former President Donald Trump has expressed support for the idea of an American bitcoin reserve, a stance that has lawmakers hopeful the incoming administration will push the United States to become a global crypto hub and a center for BTC.
U.S. Senator Cynthia Lummis recently proposed federal legislation that would encourage the U.S. government to add BTC to its strategic reserves. The new Oklahoma bill seeks to allow state savings accounts and pension funds to invest in bitcoin.