Key Insights
- Oklahoma Rep. Cody Maynard proposed House Bill 1203 to allow state investment in cryptocurrencies up to 10% of public funds.
- The bill permits investment in bitcoin, cryptocurrencies with $500B+ market caps, and stablecoins, with potential third-party staking.
OKLAHOMA CITY (MarketsXplora) 2025 – Oklahoma State Representative Cody Maynard introduced legislation that would allow the state to invest in cryptocurrencies, joining a growing movement of states considering similar measures.
The “Strategic Bitcoin Reserve Act,” formally filed as House Bill 1203, would authorize Oklahoma’s State Treasurer to allocate up to 10% of public funds toward cryptocurrencies, specifically bitcoin and other digital assets with market capitalizations exceeding $500 billion, along with stablecoins.
“Bitcoin represents freedom from bureaucrats printing away our purchasing power,” Maynard said in a statement released Wednesday. “As a decentralized form of money, bitcoin cannot be manipulated or created by government entities. It is the ultimate store of value for those who believe in financial freedom and sound money principles.”
The proposal aligns with President-elect Donald Trump’s stated commitment to establish a national strategic cryptocurrency reserve aimed at securing American leadership in the digital asset sector.
Under the proposed legislation, the Oklahoma treasurer would have authority to stake cryptocurrency holdings through third-party services, provided the state maintains legal ownership of the assets.
Maynard emphasized that investments would be “managed prudently to meet the needs of fund managers, generate reliable returns for citizens, and safeguard purchasing power against inflationary pressures.”
The bill comes amid bitcoin’s strong market position, with its current market capitalization around $2 trillion. Ethereum, the second-largest cryptocurrency, currently falls below the bill’s threshold with a market cap of approximately $406.5 billion.
Oklahoma’s proposal reflects a broader state-level movement, with lawmakers in North Carolina, Texas, Utah, Pennsylvania, and Ohio recently advancing similar initiatives to establish bitcoin reserves.
The Oklahoma legislature will consider the bill during its upcoming session beginning February 3. If approved, the measure would take effect November 1.