# Oklahoma House Passes Bill to Include Bitcoin in State Treasury and Pension Funds

The Oklahoma House of Representatives passed a bill on March 25, allowing the inclusion of bitcoin in state treasury and pension funds. The legislation, House Bill 1203, permits Oklahoma to hold certain digital assets, including bitcoin, as part of its strategic reserve, capped at 5% of the total fund. This limit is a reduction from the initially proposed 10%.

Representative Cody Maynard, the Republican who introduced the bill, explained that the investment cap was lowered to 5% to account for market volatility. The bill restricts investment to digital assets with a market capitalization exceeding $500 million, a criterion currently met only by bitcoin.

Democratic representatives expressed some concerns. Representative Andy Fugate pointed out the absence of an asset rebalancing clause but agreed with the bill’s overall purpose. Representative Melissa Provenzano questioned whether retirees could selectively opt out of cryptocurrency investments. Maynard clarified that individual investment choices are not provided under the bill.

Following its passage in the House, the bill will move to the Senate for consideration. If it passes in the Senate, Oklahoma could become one of the first states in the U.S. to officially include bitcoin in its state treasury.