- The House approved HB1203 with a 77-15 vote, enabling the state to invest 10% of its public funds in Bitcoin and assets.
- Lawmakers supported the bill after detailed debates, with the Government Oversight Committee previously approving it by a 12-2 vote, reflecting strong backing.
- The Senate now reviews the measure as Oklahoma aligns with other states exploring digital asset investments to modernize financial strategies and management.
Oklahoma’s House of Representatives passed a bill today that allows up to 10% of public funds to be invested in Bitcoin or qualifying digital assets. The measure received a 77-15 vote and now proceeds to Senate review. This development marks a notable step in the state’s effort to explore digital finance options.
Legislative Approval
The Strategic Bitcoin Reserve bill cleared the House vote today with a 77-15 vote. If the bill is passed in the Senate, it will enable the state to invest up to 10% of public funds in Bitcoin or digital assets with a market capitalization of more than $500 billion. Lawmakers worked together to create a framework that would suit modern investment practices in the public sector.
Rep. Cody Maynard introduced the bill, describing the potential for state reserve diversification. The bill had already been approved by the Government Oversight Committee with a vote of 12-2. The focused debate within the House indicated careful consideration of the bill’s financial guidelines. The lawmakers were eager to match public funds with emerging market trends.
Senate Review
The bill now advances to the Senate for further analysis and discussion. Senate members will scrutinize the proposal before it can become law. With a Republican majority in both the Senate and the governor’s office, the bill is positioned for a detailed review. Lawmakers in the Senate are expected to examine budget allocations and regulatory matters.
Senate deliberations will feature comprehensive debates on the measure’s provisions. Each senator will review the potential impact on state public funds during the sessions. The committee assigned to the bill is prepared to consider every financial aspect. State officials are confident that thorough discussions will help maintain fiscal responsibility.
State-Level Digital Asset Adoption
Oklahoma’s move is part of a broader national trend toward incorporating digital assets in public finance. The strategy aims to diversify traditional investment portfolios with modern asset classes. The initiative signals a cautious step toward adopting new financial practices within state reserves. Lawmakers and financial experts monitor similar approaches in other states.
Officials in Oklahoma believe that adopting this measure can modernize how public funds are managed. The approach has attracted interest among states considering similar strategies for investment diversification. The decision reflects ongoing efforts to integrate digital asset markets into traditional financial planning. As the legislative process continues, stakeholders remain attentive to each review stage and subsequent developments.
