Oklahoma Senate Committee Rejects Strategic Bitcoin Reserve Bill

According to Foresight News, the Oklahoma Senate Tax Committee narrowly rejected House Bill 1203, also known as the Strategic Bitcoin Reserve Bill, with a 6-5 vote. The bill, introduced by Representative Cody Maynard in January, aimed to allow the Oklahoma State Treasurer to invest in Bitcoin and other eligible digital assets. Eligible assets were defined as those with a market capitalization exceeding $500 billion over the past year, a criterion currently met only by Bitcoin. Previously, the bill had passed another committee in February with a significant 12-2 majority.