Oklahoma’s attempt to become one of the first American states to implement a Bitcoin reserve has abruptly ended.
In a tight 6-5 votes on Monday, the senate income and tax committee Huis Bill 1203 deposited, also known as the Strategic Bitcoin Reserve Act, despite the late momentum and a surprise voice dominance of Senator Christi Gillespie.
Gillespie, who was planning to vote until ‘until’ until this afternoon ‘, changed ideas after’ a few voters’ reached.
“A legislator changed his ‘no’ mood in a ‘yes’ because they heard from their bitcoiner voters!” Dennis Porter, CEO and co-founder of Satoshi Action Fund, and insisted on Bitcoin Reserve lawyers to put pressure on legislators. “Your voice is important!”
Yet the effort falls short in Oklahoma. The “No” votes came from Republican Senators Todd Gollihare, Chuck Hall, Brent Howard and Dave Rader, together with Democrats Julia Kirt and Mark Mann.
Introduced by Rep. Cody Maynard In January, HB1203 would have enabled Oklahoma to invest in Bitcoin and other qualifying digital assets, defined as one with a market capitalization above $ 500 billion for the past year. Currently alone Bitcoin Meet that threshold.
An earlier committee approved the bill in February with a broad margin of 12-2, so that the showdown of Monday High-Stakes was set up.
State Bitcoin Reserve -efforts
With Oklahoma now out of the picture, New Hampshire, Texas and Arizona have emerged as the best contenders in the race to become the first US state to set up a strategic Bitcoin reserve.
It also marks the last blow to such proposals, after recent rejections in Montana, North Dakota, Pennsylvania, South Dakota and Wyoming.
In the meantime, the New Hampshire House has adopted HB302 on 10 April, which invested a bill of up to 10% of the state’s general fund in Bitcoin and precious metals. The vote of 192-179 sends the bill to the Senate for further consideration.
On the same day as the Voting of New Hampshire, the FLORIDA house insurance and banking committee unanimously adopted HB487, so that up to 10% of certain state funds in Bitcoin would be invested.
In the meantime, Arizona continues to lead in terms of legislative momentum. On 24 March, the State House Rules Committee approved two additional bills, SB1373 and SB1025, which proposed the Arizona State treasurer public funds in Bitcoin.
The bills are now waiting for a complete floor voice in the house. When they pass, the legislation goes to Governor Katie Hobbs for definitive approval.
On March 6, the Senate of Texas SB-21 approved, a Bitcoin Strategic Reserve Bill, in a vote of 25-5 votes after a controversial debate on the Senate floor.
At present, 47 State Bitcoin Reserve (SBR) accounts have been introduced in 26 states, with 40 active accounts that still live in 20 states, according to the data of the reserve tracker Bitcoin Laws.
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