About half a dozen U.S. states, including Oklahoma and New Hampshire, have proposed Bitcoin reserve laws.
Oklahoma has officially joined the Bitcoin (BTC) treasury race. According to crypto advocate Dennis Porter, the Oklahoma House of Representatives has introduced a “Strategic BTC Reserve” bill.
Oklahoma becomes the sixth state to implement a “strategic Bitcoin reserve” policy that allows states to purchase Bitcoin after the law is passed. This means we have reached half of our goal of introducing SBR legislation in 12 states.
Dennis Porter of X
Since Donald Trump was re-elected as the 47th President of the United States in November of last year, states have been rushing to introduce SBR beyond Congress. The tally includes Oklahoma, New Hampshire, Ohio, Texas, Pennsylvania and North Dakota.
Porter, a leading figure in the movement, noted that only a potential executive order from President Trump could establish a national Bitcoin reserve ahead of individual state efforts.
Industry leaders, including Anthony Pompliano, are calling on President-elect Trump to fulfill his Bitcoin reserve pledge within the first 100 days of his administration.
Doing so could send the asset surging to new highs and reaffirm BTC as a legitimate asset in government reserves.
However, not everyone agrees on the merits of Bitcoin as an asset class. As crypto.news reports, skeptics like AQR Capital Management founder Cliff Asness say BTC is a bubble ready to burst unless a “real-world use case” emerges. I believe that.
