Oklahoma strikes hard: shock account for booking bitcoins in the State

After several manifestations in favor of the integration of bitcoins into the financial strategies of the United States, Oklahoma decided to negotiate with the project “Bitcoin Strategic Reserves”. Although this initiative divides 50 states, some such as Oklahoma receive courageous positions. The project could change the role of Kryptos in public finances. But not all eyes have so far turned to the Bitcoin future.

Bitcoin: Oklahoma will make a decisive step

Oklahoma, the state is already familiar with digital assets, has recently provided great support in terms of bitcoin strategic reserve. February 25, 2025 Law Hb 1203Or “Strategic Law on Bitcoin Reserve”was verified by the government commission of the state, in a favorable vote 12 against 2.Invest in digital assetsMainly bitcoins, up to their public funds, including pension plans.

Target? Use bitcoins as a war against inflation and economic policy considered unstable.

A representative of Cody Maynard at the origin of the project believes that BTC is a form of economic independence Face to face ” Bureaucrats who print the currency ». The idea of ​​investing in crypto as a strategic reserve is not unanimous, but it seems that Oklahoma wants to make a nose for detectives.

To date, Bitcoin is the only digital active Capitalization exceeds $ 500 billionThe basic criterion to be eligible for this strategic reserve.

Tweet from Dennis Porter, defender of the project, well illustrates enthusiasm:

” The “Strategic Bitcoin Reserve” passes through a commission in Oklahoma with a vote of 12-2. We thank Cody Maynard for his management in this law. »»

This is therefore the first victory for Bitcoin supporters as Statectors. But at what price?

Divided US: BTC, Risky Bet?

The road is not paved with roses for Bitcoin’s strategy. If Oklahoma seems to be open, Several other American states show signs of unwillingness. Montana, South Dakota, Pennsylvania and Wyoming have already rejected similar projects. In some of these countries, caution is over enthusiasm: Bitcoin’s volatility, increasingly criticized, and are concerned.

Bitcoin knew that Vertiginous outputsbut also Falls of several thousand dollars in a few daysDifficult phenomenon to ignore public financing officials.

But why such a rejection?

Here are several answers:

• Cryptocurrency volatility fears states, especially those where public finances are fragile;
• Representatives fear the fact that taxpayers’ money is exposed to risks associated with such a fluctuating market;
• Critics are often cited by manipulation and centralization;
• Republican parties dominating in many countries are particularly refractory to this kind of investment, considered too risky.

According to Matthew Sigel’s analysis, howevern purchase of $ 23 billionor nearly 247,000 BTC. These figures clearly show that the United States could eventually strengthen its exposure to bitcoin.

Oklahoma has always been an eager defender of disturbing technologies. The state that seeks to attract minor bitcoins and adopt laws, such as the “Digital Asset mining Act of 2022”, shows its support for cryptocurrencies and wants its place in the digital future.

Mikaia A.

Blockchain and crypto revolution! And the day when the impacts will be felt on the most vulnerable economy of this world, I would say against all the promises that I was there for something

Renunciation

The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.