Oklahoma is advancing Bitcoin backup legislation as other states of Pause

Efforts of Oklahoma to establish a State Bitcoin State Step on Step 25. February after the Board of the Government of the House HB 1203 approvedmoving him to a full house for further discussion.

The Strategic Law on Reserve Bitcoin, Introduced by the tail. Cody Mainard in January, he brought the Committee with 12-2 votes in favor.

If adopted, the bill would enable the civilian treasurer to the public funds in Bitcoin and Stablecoins, provided to fulfill a market capitalization in the amount of 500 billion dollars in the last year – the criterion currently fulfilled only Bitcoin.

Mainard included the bill as fenced against inflation, claiming that Bitcoin offers protection against monetary policy that emit buying power.

It proposes the law proposing enabling the civilian treasurer to assign parts of pension and savings funds into digital assets, positioning Oklahoma as early adoption of Bitcoin reserves at the state level.

Some countries reject Bitcoin accounts

While Oklahoma progressed his proposal, several other countries were stopped or dismissed by the legislation.

Montana, Northern Dakota, Pennsylvania, South Dakota and Vioming rejected or left the Bitcoin Reserves.

The opposition was guided by concern due to the dangers of volatility and the taxpayer. In Montana, tail. Steven Kelly expressed concern about the investment of public funds in the CRIPTO. He warned that Bitcoin’s fluctuations of Bitcoin could pose a risk for state funds.

Kelly said:

“It’s still the taxpayer’s money and we must protect her.”

The broader discussion on the role of Bitcoin in public finances has divided legislations, and some look at it as strategic property and others seen as an unstable investment.

State-level interest remains

Despite recent conditions, Bitcoin reserve proposals remain active throughout the United States. A total of 25 related pledged accounts in 18 state legislation, reflecting increasing interest in Bitcoin as financial living protection.

Supporters claim that the integration of bitcoins in government reserves can protect against inflation and economic instability, especially as the national debt level still climbs.

However, critics ensure that high price priced and regulatory uncertainty make it risky investment for funds that support taxpayers.

Oklahoma Bill will now go to a complete house for discussion and potential amendments. If it passes, Oklahomi would make one of the first states to formally adopt Bitcoin as part of its financial reserves, a move that remains greatly across the country.