“This bill is about protecting the hard-earned money of Oklahoma’s citizens,” Representative Cody Maynard said upon introducing the act.
A new bill to establish Bitcoin as a strategic reserve asset was introduced to the Oklahoma House of Representatives on Jan. 15 by state Representative Cody Maynard.
House Bill 1203, known as the Strategic Bitcoin Reserve Act, would allow Oklahoma’s pension funds and state savings accounts to allocate a portion of their assets to Bitcoin (BTC) as a hedge against inflation.
Rep. Maynard said, “Bitcoin represents freedom from bureaucrats printing away our purchasing power.” The state representative continued:
