Oklahoma has become the sixth U.S. state to propose a “Strategic Bitcoin Reserve” (SBR) law, joining New Hampshire, Ohio, Texas, Pennsylvania, and North Dakota in efforts to adopt Bitcoin at the state level. The proposed legislation would allow Oklahoma to purchase and hold Bitcoin if enacted.
The push for SBR policies has gained momentum following Donald Trump’s re-election, with advocates like Dennis Porter aiming to see 12 states introduce similar bills.
Industry leaders, including Anthony Pompliano, are urging Trump to establish a national Bitcoin reserve via executive order, a move they believe could boost Bitcoin’s price and solidify its role as a sovereign asset.
However, Bitcoin’s viability as a reserve asset remains debated. Critics, such as AQR Capital’s Cliff Asness, argue that Bitcoin’s value depends on the emergence of practical use cases, labeling it a speculative bubble.
The rise in state-level initiatives highlights a shift in U.S. crypto policy, with individual states leading efforts to define Bitcoin’s role in public finance.
Image Credit: Pixabay
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
