Oklahoma Introduces Strategic Bitcoin Reserve Act

Joining a fig of states seeking to found akin legislation, Oklahoma has been the latest to present a measure that would make a strategical Bitcoin reserve. Indeed, Oklahoma State Representative Cody Maynard officially announced the instauration of the state’s ‘Strategic Bitcoin Reserve Act’ connected Wednesday.

The determination aligns with the anticipation that US President-elect Donald Trump would enact akin authorities connected the national level. US Senator Cynthia Lummis has already introduced the Bitcoin Act. Moreover, she has discussed its implementation with cardinal members of the Trump medication successful caller months.

JUST IN: Oklahoma introduces "Strategic Bitcoin Reserve Act" to bargain & clasp Bitcoin arsenic a authorities asset.

Also Read: Pennsylvania Introduces Bill to Create Bitcoin Strategic Reserve

Oklahoma is Latest State to Introduce Bitcoin Reserve Legislation Ahead of Trump’s Return

Entering 2025, the concern assemblage had a keen oculus connected the cryptocurrency market. With Donald Trump set to instrumentality for his 2nd non-consecutive word successful the Oval Office, helium was bringing with him a pro-crypto mindset. Subsequently, that was poised to propel the plus people to caller heights.

Now, states crossed the state are aligning their argumentation with the incoming president. Among them is Oklahoma, which has conscionable announced the instauration of its ain measure to found a strategical Bitcoin reserve. The authorities announces the state’s inaugural to go “a nationalist person successful embracing dependable wealth principles and cutting-edge fiscal policy.”

Source: Oklahoma House of Representatives

Also Read: US Senator Ted Cruz Says Trump Will Unleash Bitcoin ‘Like Never Before’

“Bitcoin represents state from bureaucrats printing distant our purchasing power,” Representative Cody Maynard said. “As a decentralized signifier of money, Bitcoin cannot beryllium manipulated oregon created by authorities entities. It is the eventual store of worth for those who judge successful fiscal state and dependable wealth principles.”

The measure would let authorities funds to beryllium utilized to acquisition and clasp Bitcoin, Maynard said. Additionally, the typical said the money would beryllium a captious ostentation hedge. Conversley, the measure volition beryllium up for information astatine the adjacent legislative league connected February 1st.