CandleFocus Oklahoma introduces strategic Bitcoin reserve act
2025-01-15
Author: Content Editor
Oklahoma has become the latest US state to consider incorporating Bitcoin into its financial system. Rep. Cody Maynard has introduced the 'Strategic Bitcoin Reserve Act' which aims to diversify the state's savings accounts and pension funds into digital assets. Maynard believes that Bitcoin represents freedom from government manipulation and is the ultimate store of value. Oklahoma's move follows similar initiatives in five other US states, and there is optimism that the new administration under President Donald Trump will support the idea of a US Bitcoin reserve. Senator Cynthia Lummis has also introduced the Bitcoin Act, which proposes that the US government adds BTC to its strategic reserve.
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