Oklahoma’s Government Oversight Committee has paved the way for a potentially groundbreaking move in cryptocurrency adoption: the approval of the Strategic Bitcoin Reserve Act (HB 1203). This pivotal step brings the bill closer to being considered by the House and opens doors for the state to explore integrating Bitcoin into its financial reserves. The bill, introduced by Rep. Cody Maynard, was passed with strong support from committee members, securing a 12-2 vote in favor. Should it become law, it would empower the Oklahoma State Treasurer to allocate a portion of public funds into Bitcoin and stablecoins, provided these assets meet a market capitalization threshold of $500 billion over the past year—currently only achieved by Bitcoin.