Oklahoma House Passes Bill to Include Bitcoin in State Treasury & Pension Funds

 

🔎Oklahoma House Passes Bill to Include Bitcoin in State Treasury & Pension Funds

The Oklahoma House of Representatives passed House Bill 1203 on March 25, allowing Bitcoin to be included in the state’s strategic reserve and pension funds.

📜 Key Highlights of HB 1203

• Oklahoma can now hold Bitcoin as a strategic reserve asset.

• Investment cap set at 5% of total funds (initial proposal was 10%).

• Only digital assets with a market cap over $500M are eligible—currently, Bitcoin is the sole asset meeting this criterion.

🏛 Political Perspectives & Debate

• Republican Rep. Cody Maynard (bill sponsor) lowered the cap to 5% due to market volatility concerns.

• Democrats raised concerns:

  • Andy Fugate questioned the absence of a rebalancing mechanism but agreed with the bill’s intent.

  • Melissa Provenzano asked whether retirees could opt out of crypto exposure. Maynard confirmed there’s no individual opt-out option.

🔜 Next Steps: Senate Approval Required

The bill now moves to the Oklahoma Senate for further review. If passed, Oklahoma could become one of the first U.S. states to officially hold Bitcoin in its treasury.