Oklahoma Drops Bitcoin Reserve Plan Amidst National Shift

Oklahoma’s ambitious plan to utilize Bitcoin in its state treasury has been put on hold after the Senate voted against a proposed bill that would have authorized a Strategic Bitcoin Reserve. The decision comes as other states continue to explore and advance similar initiatives, while federal government involvement gains momentum. 21 states are still pursuing Bitcoin reserve plans, a move often driven by ambitions to integrate this cryptocurrency into their financial management systems. Oklahoma joins the ranks of Montana, South Dakota, Wyoming, North Dakota, and Pennsylvania, which have already withdrawn from such plans.