Oklahoma Proposes Strategic Bitcoin Reserve Act
- Oklahoma introduced the Strategic Bitcoin Reserve Act to invest state funds in Bitcoin.
- Representative Cody Maynard announced the bill, aiming to protect purchasing power against inflation.
- The legislation allows state savings accounts and pension funds to diversify into digital assets.
- If approved, state fund managers could buy Bitcoin and other cryptocurrencies.
- The bill aligns with federal pro-crypto momentum under President-elect Donald Trump’s administration.
The Strategic Bitcoin Reserve Act seeks to enhance Oklahoma’s financial security by incorporating Bitcoin into state-managed funds, aiming for stable returns amid inflationary pressures.
