Oklahoma's Bitcoin Reserve Bill Passes House Committee
Oklahoma’s Strategic Bitcoin Reserve Bill, known as the Strategic Bitcoin Reserve Act, has passed the House Committee, now moving to the House floor. The bill passed the Government Oversight Committee with a 12–2 vote on February 25. JUST IN: Oklahoma's Government Oversight Committee passes Strategic Bitcoin Reserve bill, advances to House floor. — Watcher.Guru (@WatcherGuru) February 26, 2025 The proposal would allow the Oklahoma State Treasurer to invest public funds into any digital asset with a $500-billion market capitalization over the past calendar year. Currently Bitcoin is the only digital asset that meets this standard. 20 US States have officially introduced legislation aimed at establishing cryptocurrency reserves. However, five states: Montana, North Dakota, Pennsylvania, South Dakota, and Wyoming, have either rejected their BTC bills or effectively killed them. While it is not clear why some states rejected the bills, representatives in Montana shared their thought...