The Oklahoma State Commission has passed a bill called HB 1203, which aims to establish a 'Strategic Bitcoin Reserve'. The bill has advanced to a floor vote after passing the committee stage by a vote of 6 to 2. If passed, the bill would allow the state's savings accounts and pension funds to invest in Bitcoin alongside traditional assets. Similar bills in Arizona and Utah are also in progress. The bill's introducer, Representative Cody Maynard, believes that Bitcoin offers financial stability and protection against inflation for the residents of Oklahoma. Other states including Texas and Pennsylvania have also shown interest in investing in Bitcoin, while North Dakota has shown support for the cryptocurrency through a resolution.



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