Oklahomas Bitcoin Reserve Bill passes House Committee


Oklahomas Strategic Bitcoin Reserve Bill, known as Strategic Bitcoin Reserve Act, has adopted the house committee and has now moved to the house floor. The invoice adopted the government’s surveillance committee with a 12–2 vote on February 25.

The proposal would enable Oklahoma State Treasurar to invest public funds in all digital assets with a market value of $ 500 billion during the last calendar year. At present, bitcoin is the only digital asset that meets this standard. 20 US states have officially introduced legislation aimed at establishing Cryptocurrency reserves. Five states: Montana, North Dakota, Pennsylvania, South Dakota and Wyoming, have either rejected their BTC bills or killed them effectively.

Also read: US President Trump announces 25% customs on the European Union

This outstanding initiative at state level Crypto Investment Initiative can still potentially inject $ 23 billion in the Bitcoin market, which reflects the growing Cryptocurrency market acceptance and state Bitcoin legislation. Furthermore, the United States is as a whole Still weighs to establish a strategic bitcoin reserve And Digital Asset Stockpile, led by Donald Trump’s new cryptoral control team.

On the house floor, Oklahomas strategic Bitcoin Reserve Bill will either be discussed, changed and/or voted.





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