25-3-2025 – Oklahoma’s legislative assembly has greenlit a groundbreaking measure permitting substantial state investment in digital assets. The Strategic Bitcoin Reserve Act, shepherded through the House, empowers the state treasurer to channel up to a tenth of public coffers into Bitcoin and select cryptocurrencies boasting market capitalisation exceeding $500 billion.
This pioneering legislation, championed by Representative Cody Maynard, positions the Sooner State at the vanguard of a burgeoning movement amongst American states embracing digital currency reserves. The measure reflects mounting confidence in cryptocurrency’s role as a legitimate store of value within public finance frameworks.
The reverberations of Oklahoma’s decisive step have resonated throughout the digital asset community. Dennis Porter, who helms the Satoshi Action Fund, lauded the state’s forward-thinking approach via social media platforms, underscoring the potential windfall for Oklahoma’s treasury.
Market indicators paint an compelling picture, with Bitcoin commanding a formidable 60.65% of the total cryptocurrency market. Trading volumes have witnessed a remarkable surge of 163.15% to $34.36 billion, whilst Bitcoin’s market value stands at $87,595.77, reflecting a modest uptick of 1.56% over 24 hours.
The initiative follows similar explorations by Texas and Pennsylvania since 2024, suggesting a broader shift in state-level financial strategy. Industry observers anticipate this legislative breakthrough could catalyse a domino effect, prompting other states to craft comparable frameworks for digital asset integration.
Proponents of the legislation emphasise Bitcoin’s unique position as a decentralised monetary instrument, immune to conventional monetary policy interventions. This characteristic particularly appeals to advocates of financial autonomy and sound money principles, who view it as a bulwark against traditional currency devaluation.
BIG BREAKING: ‘Strategic Bitcoin Reserve’ passes out of committee in Oklahoma with a vote count of 12-2.
Thank you to the leadership by @CodyMaynard15 who carried the SBR bill. pic.twitter.com/jC7bhVbVuB
— Dennis Porter (@Dennis_Porter_) February 25, 2025
