The Oklahoma House of Representatives has passed House Bill 1203, known as the Strategic Bitcoin Reserve Act, with a 77-15 vote.
The bill allows up to 10% of public funds in Oklahoma to be allocated to Bitcoin or other digital assets with a market capitalization over $500 billion.
The purpose of the bill is to diversify Oklahoma's financial portfolio and safeguard against inflation.
Similar bills have been proposed or passed in other states like Pennsylvania, Texas, Ohio, New Hampshire, and Wyoming.