Oklahoma has taken steps towards establishing a strategic Bitcoin reserve, inspired by President-elect Donald Trump's proposal to create a federal Bitcoin stockpile. The legislation, sponsored by Republican Cody Maynard, would allow state funds and pension accounts to invest in digital assets like Bitcoin starting in November. The bill specifies that public funds can only be invested in digital assets with an average market capitalization of over $500 billion, with Bitcoin being the only cryptocurrency currently meeting this criterion. The state treasurer would also be permitted to invest in asset-backed digital assets, but the total cannot exceed 10% of any public fund. Maynard emphasized Bitcoin's role as a decentralized asset offering financial freedom, stating it cannot be manipulated or created by governments. Oklahoma joins other states like Texas and Pennsylvania in exploring similar legislation.

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