Oklahoma Proposes Bill To Make Strategic Bitcoin Reserve
A new bill aimed at establishing a strategic Bitcoin reserve was introduced to the Oklahoma House of Representatives on January 15. This move reflects similar initiatives in several other US states. Oklahoma Representative Cody Maynard has introduced the bill to establish a strategic Bitcoin reserve, enabling the state to invest in cryptocurrencies. House Bill 1203, also called the Strategic Bitcoin Reserve Act, would allow Oklahoma’s pension funds and state savings accounts to allocate a portion of their assets to Bitcoin as a hedge against inflation. “Bitcoin represents freedom from bureaucrats printing away our purchasing power,” Maynard said. He highlighted the advantage of Bitcoin as a decentralized form of money, and as such, cannot be controlled or created by government entities: “It is the ultimate store of value for those who believe in financial freedom and sound money principles.” 🔥 NEW: Representative Cody Maynard introduces the S...