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Oklahoma Bitcoin Reserves and Cryptocurrency Laws

Oklahoma Bitcoin Reserves and Cryptocurrency Legislation

Oklahoma Bitcoin Reserve Overview

No Official Reserve
Friendly Regulatory Status
Proposed Strategic Bitcoin Reserve (HB 1203, Failed)

Oklahoma Bitcoin Reserves

Oklahoma Legislative Breakdown

State BTC Reserves % of US Holdings Legal Status Last Updated Key Laws and Regulations
Oklahoma (OK) No official reserve 0% Friendly 2025-04-30
  • HB 1203: Strategic Bitcoin Reserve Act, up to 5% state funds in Bitcoin (proposed, failed in Senate, 2025)
  • HB 3594: Bitcoin Rights Bill, protects self-custody, transactions, and mining (enacted 2024)
  • SB 325: Bitcoin Freedom Act, allows Bitcoin payments for employees and vendors (proposed, 2025)
  • SB 590: Commercial Digital Asset Mining Act, tax exemptions for mining equipment (enacted 2022)

Oklahoma Strategic Bitcoin Reserve

Current status is PROPOSED (FAILED)

Oklahoma proposed the Strategic Bitcoin Reserve Act (HB 1203) to allow up to 5% of state funds to be invested in Bitcoin, aiming to hedge against inflation and position the state as a crypto leader. The bill passed the House but failed in the Senate in April 2025.

Using the General Revenue Stabilization Fund (~$1.2 billion), Oklahoma could have potentially purchased approximately 11,741 BTC, assuming a BTC price of $102,182, if HB 1203 had been enacted.

4/15/2025
FAILED
HB 1203, Strategic Bitcoin Reserve Act, failed in the Senate Revenue and Taxation Committee with a 6–5 vote, halting Oklahoma’s Bitcoin reserve plans.
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3/25/2025
PASSED HOUSE
HB 1203 passed the Oklahoma House 77–15, authorizing up to 5% of state funds for Bitcoin investments.
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1/15/2025
PROPOSED
Rep. Cody Maynard introduced HB 1203, the Strategic Bitcoin Reserve Act, to allow state savings and pension funds to invest in Bitcoin.
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1/8/2025
PROPOSED
SB 325, Bitcoin Freedom Act, filed by Sen. Dusty Deevers, allowing Bitcoin payments for employees and vendors, eligible for 2025 session.
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5/13/2024
ENACTED
HB 3594, Bitcoin Rights Bill, signed into law, protecting self-custody, transactions, and mining, effective November 1, 2024.
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5/1/2022
ENACTED
SB 590, Commercial Digital Asset Mining Act, enacted, providing tax exemptions for crypto mining equipment.
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