The Oklahoma State Senate Committee votes to reject the Bitcoin reserve proposal
The Oklahoma State Senate Tax Committee narrowly rejected House Bill 1203 (also known as the "Strategic Bitcoin Reserve Act") by a margin of 6 to 5. HB1203, proposed by Representative Cody Menard in January this year, would allow the Oklahoma State Treasurer to invest in Bitcoin and other qualifying digital assets. Qualifying digital assets are defined as any asset with a market value exceeding $500 billion over the past year. Currently, only Bitcoin meets this threshold. An earlier committee overwhelmingly passed the bill in February with a vote of 12 to 2, setting the stage for Monday's significant showdown.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Inditex 1H FY26 net income climbs 6.8% to €3 billion; net sales rise 7.6% to €19.8 billion
Gimv Anchor takes minority stake in Batenburg Techniek alongside VP Capital, management
Planethic insolvency proceedings under self-administration open in Potsdam court
TINC FY26 H1 net profit rises to €25.9 million; portfolio return hits 8.81% annualized
Crypto prices
More
