Oklahoma Senate Committee Votes Down Strategic Bitcoin Reserve Bill

ChainCatcher news, the Oklahoma Senate Tax Committee narrowly voted down House Bill 1203 (also known as the Strategic Bitcoin Reserve Act) by a margin of 6 to 5. The HB1203 bill was introduced by Representative Cody Maynard in January of this year, allowing the Oklahoma State Treasurer to invest in Bitcoin and other qualifying digital assets. The definition of qualifying digital assets is any asset with a market value exceeding $500 billion in the past year. Currently, only Bitcoin meets this threshold. An earlier committee passed the bill overwhelmingly in February with a vote of 12 to 2.