Loading...
Loading...
Browse all stories on DeepNewz
VisitHow many states will have Strategic Bitcoin Reserve legislation by end of 2025?
8 states • 25%
9-11 states • 25%
12 states • 25%
More than 12 states • 25%
State legislative records and public announcements across the United States
Oklahoma's Cody Maynard Proposes Strategic Bitcoin Reserve, Joining 8 States
Jan 15, 2025, 06:59 PM
Oklahoma State Representative Cody Maynard has introduced a bill to establish a Strategic Bitcoin Reserve for the state. The proposed 'Strategic Bitcoin Reserve Act' would enable Oklahoma to buy and hold Bitcoin as a state asset. If passed into law, Oklahoma would become the sixth state to introduce such a policy, joining New Hampshire, Alabama, Florida, Pennsylvania, and Texas, with a goal of achieving 12 states to introduce similar bills. Currently, eight states are pushing for Strategic Bitcoin Reserve legislation. The bill allows for investment in any digital asset with a market capitalization of over $500 billion, with custody options including self-custody, a custodian, or an exchange-traded fund (ETF). The state could allocate up to 10% of one of three public funds for this purpose: the General Fund ($8.5 billion), the Revenue Stabilization Fund ($262 million), and the Constitutional Reserve Fund ($1.3 billion).
View original story
More than 6 states • 25%
5-6 states • 25%
3-4 states • 25%
0-2 states • 25%
Less than 6 states • 25%
9-11 states • 25%
12 or more states • 25%
6-8 states • 25%
0-2 • 25%
More than 8 • 25%
6-8 • 25%
3-5 • 25%
Texas and two other states • 25%
Texas and one other state • 25%
Texas only • 25%
Texas and three or more other states • 25%
1-2 other states • 25%
0 other states • 25%
3-5 other states • 25%
More than 5 other states • 25%
13 or more states • 25%
9-12 states • 25%
5-8 states • 25%
1-4 states • 25%
0 states • 25%
1-2 states • 25%
5 or more states • 25%
3-4 states • 25%
More than 5 states • 25%
None • 25%
1 to 2 states • 25%
3 to 5 states • 25%
Texas • 25%
Pennsylvania • 25%
Both Texas and Pennsylvania • 25%
Neither • 25%
Self-custody • 33%
Exchange-traded fund (ETF) • 34%
Custodian • 33%