Nikolas Sargeant
Oklahoma Representative Cody Maynard has introduced the “Strategic Bitcoin Reserve Act,” which would allow the state to invest public funds, including pension and savings accounts, in cryptocurrencies like Bitcoin. The bill aims to position Oklahoma as a leader in the digital asset space, enabling the State Treasurer to hold and stake Bitcoin and other crypto assets, provided they do not exceed 10% of total public funds.
Global Push for State Bitcoin Reserves
The proposed bill mirrors the growing trend of U.S. states advocating for Bitcoin investment. With similar initiatives in the Czech Republic, Hong Kong, and Ohio, the bill seeks to leverage Bitcoin's status as a decentralized and inflation-resistant asset. Maynard's proposal also aligns with the pro-crypto stance of President-elect Donald Trump, who has expressed plans to create a national crypto reserve. By allowing the state to manage Bitcoin investments prudently, the bill aims to offer citizens financial protection and reliable returns.
