Oklahoma rejected the idea of creating a bitcoin reserve

The bill on the strategic bitcoin reserve (SBR) the House of Representatives of Oklahoma did not receive approval in the relevant Senate committee.

The document was rejected by a narrow margin of six votes to five.

Experts from Bitcoin Laws noted that the initiative did not gain the necessary support, even despite the decision of committee member Christy Gillespie at the last moment to change the position to "yes". Voters persuaded her.

"Your Voice Matters! Please be sure to contact your representative when the bitcoin bill is put to a vote," Dennis Porter, co-founder and CEO of the Satoshi Action Fund, addressed cryptocurrency supporters.

In Oklahoma, the SBR bill was introduced in January by Congressman Cody Maynard. The document proposed to give the state treasurer the right to invest in digital gold and other cryptocurrencies with a market capitalization of at least $500 billion over the past year. Only Bitcoin meets this criterion.

At the beginning of the year, initiatives to create crypto reserves were put forward by legislators of several states at once, which gave industry experts a reason to declare a "race" for SBR. Despite the expansion in recent months of such offerings in some regions such as Montana, Pennsylvania, North and South Dakota, as well as Wyoming, they have already failed.

According to Porter, 47 SBR bills were initiated in 26 states in 2025. There are 41 documents at various stages of consideration.

In total, at the regional level, during this time, legislators put forward 177 draft legal acts related to the first cryptocurrency.

Recall that in early March, US President Donald Trump signed a decree on the establishment of a federal SBR on the basis of assets confiscated by the Treasury.