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Oklahoma House Approves Bitcoin Reserve Bill in Landslide

  • The Oklahoma House of Representatives passed the Strategic Bitcoin Reserve Act on a firm 77-15 margin.
  • The bill enables the state to invest up to 10% of public funds in Bitcoin or any other digital assets with a market capitalization exceeding $500 billion in the previous year.
  • This move reflects the growing national interest in state Bitcoin reserves and aligns Oklahoma with other states contemplating similar digital currency investments.
  • Supporters argue that Bitcoin's limited supply makes it an effective hedge against inflation, while critics are concerned about its volatility and impact on public funds.

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