Oklahoma Moves Closer to Investing Public Funds in Bitcoin
Oklahoma advances a bill to invest up to 10% of public funds in Bitcoin and digital assets worth over $500B.
- Oklahoma’s bill allowing public funds investment in Bitcoin advances.
- The state can invest up to 10% in BTC or assets worth over $500B.
- The proposal moves to a full vote for final approval.
Oklahoma is taking a significant step toward integrating digital assets into its public investment strategy. A newly proposed bill has successfully passed the state’s House of Representatives Committee and is now headed for a full vote. If approved, the legislation will allow Oklahoma to allocate up to 10% of its public funds into Bitcoin (BTC) or other digital assets with a market capitalization exceeding $500 billion.
State Embracing Crypto for Public Investments
This move signals Oklahoma’s increasing recognition of cryptocurrency as a legitimate investment class. The bill aims to diversify state-held assets while potentially benefiting from Bitcoin’s long-term growth. If passed, it would make Oklahoma one of the first U.S. states to allocate a portion of public funds toward digital assets, showcasing confidence in blockchain technology.
Proponents of the bill argue that Bitcoin’s proven resilience and increasing adoption make it a viable investment. However, critics raise concerns about volatility and regulatory uncertainties that could pose risks to public funds.
Oklahoma, a state in the United States, has passed the House of Representatives Committee and entered the full vote. The bill allows the state to invest up to 10% of public funds in BTC or digital assets with a market value of more than $500 billion.https://t.co/cclEBo0KPz
— Wu Blockchain (@WuBlockchain) February 26, 2025
Final Vote to Determine Bitcoin’s Role in Oklahoma
The bill now moves to a full legislative vote, where lawmakers will decide on its implementation. A favorable outcome could set a precedent for other U.S. states considering similar investments.
If approved, Oklahoma’s decision to invest in Bitcoin could mark a turning point for crypto adoption within public financial management. The final decision is anticipated in the coming weeks.
