Oklahoma has officially left the race to set up a strategic Bitcoin Reserve (SBR) after an important bill has not stored in the Senate.
On April 15, the Oklahoma Senate income and tax committee voted 6-5 To hit Huis Bill 1203, also known as the Strategic Bitcoin Reserve Act.
One of the most important developments prior to the vote was the change of the heart of Senator Christi Gillespie. She initially intended to vote against the bill, but later switched to a “yes” after hearing voters. Her reversal, although remarkable, was not enough to change the outcome.
In the meantime, the failure of the bill came in despite the earlier momentum in the house of representatives of the state, where it continued with a decisive 77-15 voice.
The proposal was intended to give the treasurer of the State permission to allocate public funds to Bitcoin and Stablecoins. According to data from CryptoSlateOnly Bitcoin currently meets the requirement of the account of a market capitalization of $ 500 billion, with its appreciation at around $ 1.6 trillion.
The exit of Oklahoma removes it from the list of active states that explore Bitcoin reserves. It is now joining Montana, South Dakota, Wyoming, North Dakota and Pennsylvania, where similar efforts have been stuck or failed.
Bitcoin Reserve Momentum continues
In the meantime, 21 other states are moving forward, some with multiple active accounts.
According to Bitcoin lawsArizona, New Hampshire and Texas lead the race to include the top crypto in public finances.
The US currently has 117 pro-bitcoin accounts that are being considered. Of these, 47 are directly bound by strategic Bitcoin -Reserve initiatives in the 26 states.
Discussions about Bitcoin reserves also win grip at the federal level. Bo Hines, executive director of the Presidential Council of Adviseurs on Digital Assets, confirmed that the government is evaluating financing options for its planned Bitcoin reserve.
These include the use of tariff income and the revision of gold-supported treasury certificates to support a Bitcoin reserve without increasing the national budget.
