Oklahoma’s Bitcoin Reserve Plan Stalled as HB1203 Falls Short

Oklahoma’s proposal for a Strategic Bitcoin Reserve Act (HB1203) has been thwarted after narrowly failing to pass the Senate Revenue and Taxation Committee. The bill, which aimed to allocate up to 10% of state funds—including general, stabilization, and constitutional reserves—into Bitcoin and other major digital assets with market capitalization exceeding $500 billion, was voted down in a 6-5 split. The plan would have seen these assets held securely by regulated custodians.