Key Takeaways
- • Oklahoma State Rep. Cody Maynard (R-Durant) passed House Bill 1203, the Strategic Bitcoin Reserve Act, in the Oklahoma House of Representatives on Monday, March 24, 2025.
- • HB1203 would authorize the state treasurer to invest up to 5% of funds in the General Revenue Stabilization Fund and Constitutional Reserve Fund in bitcoin, other digital assets with a market cap above $500 billion, and stablecoins.
- • The bill would also allow state retirement pension funds to invest in the same manner if enacted.
- • The legislation now moves to the Oklahoma Senate, where it is authored by Sen. Avery Frix (R-Muskogee).
- • Maynard cited Bitcoin's average annual return of about 49% over the last 10 years, a figure presented by the sponsor and not independently verified in the source.
Summary
Oklahoma State Representative Cody Maynard (R-Durant) passed the Strategic Bitcoin Reserve Act, House Bill 1203, in the Oklahoma House of Representatives on Monday, according to a release published by the Oklahoma House of Representatives. The bill would permit the state's savings accounts and pension funds to invest in digital assets such as Bitcoin.
Under the bill's terms, the state treasurer could invest up to 5% of the funds held in the state General Revenue Stabilization Fund and Constitutional Reserve Fund in bitcoin or any other digital asset with a market capitalization above $500 billion, as well as stablecoins. Any state retirement pension could invest in the same manner if the legislation is enacted.
Maynard said the investments would be managed prudently to meet the needs of fund managers, generate reliable returns for citizens, and protect purchasing power against inflationary pressures. He cited Bitcoin's average annual return of about 49% over the past decade as evidence of its stability. He also argued that, absent the bill, fund managers could already invest in Bitcoin or riskier digital currencies without any cap, and that the legislation would place prudent guardrails around the investment of taxpayer dollars.
Maynard framed the bill as part of a broader effort to position Oklahoma as a national leader in sound money and fiscal policy, describing it as aligned with President Trump's vision for digital assets. The release quotes him describing Bitcoin as a decentralized form of money that cannot be manipulated or created by government entities.
HB1203 now moves to the Oklahoma Senate, where Sen. Avery Frix (R-Muskogee) is the author. The source does not provide details on the Senate timeline or on the vote count.
Under the bill's terms, the state treasurer could invest up to 5% of the funds held in the state General Revenue Stabilization Fund and Constitutional Reserve Fund in bitcoin or any other digital asset with a market capitalization above $500 billion, as well as stablecoins. Any state retirement pension could invest in the same manner if the legislation is enacted.
Maynard said the investments would be managed prudently to meet the needs of fund managers, generate reliable returns for citizens, and protect purchasing power against inflationary pressures. He cited Bitcoin's average annual return of about 49% over the past decade as evidence of its stability. He also argued that, absent the bill, fund managers could already invest in Bitcoin or riskier digital currencies without any cap, and that the legislation would place prudent guardrails around the investment of taxpayer dollars.
Maynard framed the bill as part of a broader effort to position Oklahoma as a national leader in sound money and fiscal policy, describing it as aligned with President Trump's vision for digital assets. The release quotes him describing Bitcoin as a decentralized form of money that cannot be manipulated or created by government entities.
HB1203 now moves to the Oklahoma Senate, where Sen. Avery Frix (R-Muskogee) is the author. The source does not provide details on the Senate timeline or on the vote count.
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