On the 25th (local time), Oklahoma House Bill 1203 (HB 1203)
Bill 1203 (Strategic Bitcoin Reserve Act) passed the House Government Oversight Committee by a vote of 12 to 2 and moved to the floor.
If passed, the bill would allow the Oklahoma Treasurer to invest public funds in digital assets that had a market capitalization of more than $500 billion during the past fiscal year.
Currently, the only digital asset that meets this criteria is Bitcoin. The Treasury Secretary will also be permitted to invest in stablecoins.
"1203" is a song by Cody Maynard.
The bill was introduced by Congressman Maynard on January 15th and stated at the time of its announcement that "Bitcoin is
It provides freedom from bureaucrats trying to erode our purchasing power. As a decentralized currency, it cannot be manipulated or mined by government agencies. Bitcoin provides financial freedom.
"It is the ultimate store of value for those who believe in the principles of sound currency and sound currency," he said. If the bill passes, the Oklahoma Treasurer will be able to hold one of the Oklahoma pension and savings funds.
A portion of the funds can be invested in Bitcoin and stable coins as an inflation hedge. Meanwhile, a total of 25 Bitcoin strategic reserve bills are currently in the works in 18 states.
While discussions on a state Bitcoin reserve bill in the United States are stalled, Montana, North Dakota, Pennsylvania, South Dakota, and Wyoming are considering whether to set up a state Bitcoin reserve.
Five states have rejected or essentially scrapped bills. Specific reasons for the rejection of bills in some states have not been disclosed, but Montana's Steven Kelly
"At the end of the day, it's public money, taxpayer money, and we're responsible for it. We have to protect it, and these types of investments are disproportionate," Rep. Kelly said.
"It's dangerous."
2025/02/27 14:33 KST
Copyright(C) BlockchainToday wowkorea.jp 118