Oklahoma tables Bitcoin reserve proposal

Some six U.S. states, including Oklahoma and New Hampshire, have proposed Bitcoin reserve laws.

The State of Oklahoma has officially tossed its hat into the Bitcoin (BTC) treasury race. According to crypto advocate Dennis Porter, Oklahoma’s House of Representatives has introduced a “strategic BTC Reserve” bill.

Oklahoma becomes the 6th state to introduce ‘Strategic Bitcoin Reserve’ policy enabling the state to buy Bitcoin once passed into law. That means we are now halfway to our goal of achieving 12 states to introduce SBR bills.

Dennis Porter on X

States have rushed to leapfrog Federal legislators in adopting an SBR since Donald Trump was re-elected as the 47th U.S. President last November. The tally includes Oklahoma, New Hampshire, Ohio, Texas, Pennsylvania, and North Dakota.

Porter, a key figure in this movement, has noted that only a potential executive order from Trump could establish a national Bitcoin reserve ahead of individual state efforts.

Industry leaders, including Anthony Pompliano, have urged President-elect Trump to deliver on his Bitcoin reserve pledge within the first 100 days of his administration.

Doing so may catapult the asset to new price highs and reaffirm BTC as a legitimate asset for sovereign reserves.

Yet, not all agree on Bitcoin’s merits as an asset class. As crypto.news reports, skeptics like AQR Capital Management founder Cliff Asness believe BTC is a bubble poised to burst unless “real-world uses cases emerge.”