According to ChainCatcher, the Oklahoma Senate Tax Committee narrowly rejected House Bill 1203 (also known as the Strategic Bitcoin Reserve Act) by a vote of 6 to 5. HB1203, introduced by Representative Cody Maynard in January this year, would have allowed the Oklahoma State Treasurer to invest in Bitcoin and other qualifying digital assets. Qualifying digital assets were defined as any asset with a market capitalization exceeding $50 billion in the past year. Currently, only Bitcoin meets this threshold. The earlier committee had previously passed the bill with an overwhelming majority of 12 to 2 in February.
Oklahoma Senate Committee Vote Down on Strategic Bitcoin Reserve Bill
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