Oklahoma Senate Rejects Bill to Invest in Bitcoin

The Oklahoma Senate Tax Committee voted narrowly against House Bill 1203, also known as the Strategic Bitcoin Reserve Bill. This measure, proposed by Representative Cody Maynard in January, aimed to give the Oklahoma State Treasurer authority to invest in Bitcoin and other digital assets meeting specific market capitalization criteria. The bill was previously approved by another committee with a substantial 12-2 majority in February. However, it ultimately failed in the Senate.