Oklahoma Prepares to Invest Public Funds in Bitcoin

A bill proposing Oklahoma allocate up to 10% of its public funds into Bitcoin or assets worth over $500 billion has passed the state’s House of Representatives Committee. Now, it heads towards a final vote with potential implications for U.S. state finance. This move marks Oklahoma’s embrace of digital assets as part of its investment strategy. The bill is seen as a step toward integrating cryptocurrencies into public funds and potentially benefitting from Bitcoin’s long-term growth. If approved, Oklahoma would join other states paving the way for more widespread adoption of digital assets in public finance.