Oklahoma House of Representatives Introduces Bitcoin Strategic Reserve Bill

Cody Maynard, a member of the U.S. House of Representatives from Oklahoma, has introduced a bill to establish Bitcoin as a strategic reserve asset.
"This bill is designed to protect the valuable assets of Oklahoma citizens," Rep. Maynard said while introducing the bill on the 15th (local time).
House Bill 1203, known as the Strategic Bitcoin Reserve Act, would allocate a portion of Oklahoma's pension funds and state savings accounts to Bitcoin.
"Bitcoin represents the freedom to stop bureaucrats from taking away our purchasing power," Maynard said.
" He emphasized the value of Bitcoin, saying, "Bitcoin is a decentralized currency and cannot be manipulated or issued by government agencies. This is a great opportunity for people who believe in the principles of financial freedom and sound currency.
Bitcoin strategic reserve bills are also pending in several states across the U.S., and some state pension funds have already adopted Bitcoin.
, and diversifying assets.