The bill on Bitcoin strategic reserves has been approved by the specialized committee of the Oklahoma State Legislature with a majority vote and is now sent to the general assembly for final voting. This bill allows the state treasury to invest 10% of public funds in Bitcoin or other digital currencies with a market value exceeding $500 billion. Despite this progress, the value of Bitcoin has recently dropped below $90,000. Oklahoma is the latest U.S. state to propose the Bitcoin strategic reserves bill. Reports indicate that at least 25 U.S. states have introduced similar bills. Senator Dusty Deevers from Oklahoma had previously presented the ‘Bitcoin Freedom Act,’ allowing workers to receive their wages in Bitcoin and companies to accept Bitcoin payments from customers.
