Rep. Cody Maynard, R-Durant, has introduced the Strategic Bitcoin Reserve Act (HB1203), a new legislative proposal aimed at making Oklahoma a leader in digital asset investments.
The bill allows state savings accounts and pension funds to invest in Bitcoin, providing a hedge against inflation while promoting fiscal innovation.
The legislation aligns with President Trump’s digital asset strategy and seeks to manage investments in Bitcoin to ensure reliable returns and safeguard purchasing power. Maynard emphasized the importance of adopting decentralized financial solutions to counter inflationary risks.
Bitcoin offers a way to protect citizens from inflation caused by excessive money printing. Its decentralized nature makes it immune to government manipulation, making it a valuable store of wealth
Cody Maynard
The bill would permit Oklahoma’s state funds to invest responsibly in Bitcoin, providing long-term financial stability. According to Maynard, this step would ensure Oklahoma is well-positioned as digital assets gain prominence in the global economy.
“This is about protecting Oklahomans’ money and securing a strong financial future,” Maynard said.
By diversifying our state’s assets, we are safeguarding against economic uncertainties and showcasing Oklahoma’s leadership in fiscal innovation
HB1203 reflects Maynard’s belief that technology can empower both governments and individuals. He sees Bitcoin’s finite supply as a unique advantage in achieving sustainable financial growth.
The bill will be considered in the legislative session beginning Feb. 3 and, if passed, will take effect on Nov. 1.