- HB 1203 from Oklahoma could allow 10% of public resources in Bitcoin.
- Nic Carter warns that large -scale government -purchased markets and dollar stability can shake.
Oklahoma is getting closer to becoming the first US state to integrate Bitcoin [BTC] In his public financial reserves.
The Strategic Bitcoin Reserve Act (HB 1203) has passed A Key House Committee with a 12-2 voice and sends it to the house floor for a final decision.
If established, the Oklahoma bill would allow to invest up to 10% of its public funds in Bitcoin and other digital assets with a large cap that exceeds a market capitalization of $ 500 billion.
“This account is about protecting the hard -earned money from the citizens of Oklahoma”
The proposal focuses on fund general fund, revenue stabilization fund and constitutional reserve fund.
It outlines the custody requirements with which digital assets can be held directly, via a qualified custodian or through products traded with exchange.
According to the current language, this framework would come into effect on November 1, if the bill knew the bottom of the house and the subsequent approvals.
The sponsor of the account, representative Cody Maynard, framed The legislation as a defense against monetary devaluation.
Maynard said,
“This account is about protecting the hard -earned money from the citizens of Oklahoma. By diversifying the savings and pension funds of our state in digital assets, we not only ensure a stronger financial future for our state, but also the leadership of Oklahoma to assume innovative tax policy. “
A reserve strategy or a risk for dollar stability?
Proponents see the measure as a protection at rising prices. Maynard calls Bitcoin ‘The Ultimate Store of Value’, and claims that his finite offer prevents governments from printing ‘purchasing power’.
Dennis Porter, CEO of the Satoshi Act Fund, called The committee votes a “big break” development,
Source: X
Maynard’s position reflects the national conversation that is being fueled by President Donald Trump. Trump suggested that embracing Bitcoin could help repay the American national debt,
“Maybe we pay off our debts of $ 35 trillion.”
The Maynard camp argues that the decentralized nature of Bitcoin isolates it by political or bureaucratic manipulation,
“As a decentralized form of money, Bitcoin cannot be manipulated or created by government entities. It is the ultimate value storage for those who believe in financial freedom and sound money principles. “
Nevertheless, the idea of a strategic Bitcoin reserve has drawn skepticism from leading industrial figures. Nic Carter, co-founder and partner at Castle Island Ventures, supports the government that already holds Bitcoin in his possession, but opposes large-scale purchases.
Referring to similar legislation proposed in the US he explained”
“If the chance of the Lummis SBR proposal approaches certainty, the financial markets would collapse. In my opinion, when the Lummis SBR proposal is approaching reality, the markets will get confused, forcing Trump to withdraw the policy. “
A national trend to Bitcoin reserves at state level
Oklahoma is not only to consider Bitcoin as part of the financial future.
Various American states, including Pennsylvania, Texas, New Hampshire and North Dakota, Ohio have introduced similar proposals to set up Bitcoin reserves.
In fact, US Bitcoin-Reserve accounts guided by the state can generate more than $ 23 billion in BTC question, which may activate a supply shock because states such as Texas remove purchase limits.
Source: 2025 cryptocurrency adoption and consumer sentiment report
These legislative efforts coincide with the increasing national acceptance of cryptocurrency.
According to the 2025 cryptocurrency adoption and consumer sentiment report28% of American adults now have digital assets, almost doubled since 2021.
The interest rate in Bitcoin remains strong, with 74% of the crypto holders BTC owning and 69% of investors who report net profit in their portfolios.
What will come afterwards?
The outcome of the voice of Oklahoma could be the scene for a broader shift in the way states manage public funds, which may mark a new era of Bitcoin adoption supported by the government.
If successful, this legislation could encourage other states to re -evaluate their financial strategies in favor of diversification of digital assets.
For now, all eyes are aimed at Oklahoma legislators while they decide whether Bitcoin will be an official part of the financial future of the state.
