{"id":23115,"date":"2025-04-16T18:01:13","date_gmt":"2025-04-16T15:01:13","guid":{"rendered":"https:\/\/forklog.com\/en\/oklahoma-senate-rejects-bitcoin-reserve-proposal\/"},"modified":"2025-04-16T18:01:13","modified_gmt":"2025-04-16T15:01:13","slug":"oklahoma-senate-rejects-bitcoin-reserve-proposal","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/oklahoma-senate-rejects-bitcoin-reserve-proposal\/","title":{"rendered":"Oklahoma Senate Rejects Bitcoin Reserve Proposal"},"content":{"rendered":"<p>A bill proposing a strategic Bitcoin reserve (SBR) in the Oklahoma House of Representatives failed to gain approval in the Senate&#8217;s relevant committee.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">?? State Reserve Race Update:<\/p>\n<p>Oklahoma Reserve Bill HB1203 has FAILED in the Senate Revenue and Taxation Committee, 6-5.<\/p>\n<p>The No votes were:<br \/>\u2014 Sen. Todd Gollihare [R]<br \/>\u2014 Sen. Chuck Hall [R]<br \/>\u2014 Sen. Brent Howard [R]<br \/>\u2014 Sen. Julia Kirt [D]<br \/>\u2014 Sen. Mark Mann [D]<br \/>\u2014 Sen. Dave Rader [R] <a href=\"https:\/\/t.co\/EadkwOq2xZ\">pic.twitter.com\/EadkwOq2xZ<\/a><\/p>\n<p>\u2014 Bitcoin Laws (@Bitcoin_Laws) <a href=\"https:\/\/twitter.com\/Bitcoin_Laws\/status\/1912217308929618077?ref_src=twsrc%5Etfw\">April 15, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The proposal was rejected by a narrow margin of six votes to five.<\/p>\n<p>Experts from Bitcoin Laws noted that the initiative lacked the necessary support, even though committee member Kristi Gillespie changed her stance to &#8216;yes&#8217; at the last moment. She was persuaded by her constituents.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">A lawmaker changed their \u2018No\u2019 vote to a \u2018Yes\u2019 because they heard from their Bitcoiner constituents! <\/p>\n<p>Your voice matters! Please be sure to reach out to your lawmaker when a Bitcoin bill is up for a vote. <\/p>\n<p>Great clip from <a href=\"https:\/\/twitter.com\/Bitcoin_Laws?ref_src=twsrc%5Etfw\">@Bitcoin_Laws<\/a><a href=\"https:\/\/t.co\/CJsceiEcF6\">pic.twitter.com\/CJsceiEcF6<\/a><\/p>\n<p>\u2014 Dennis Porter (@Dennis_Porter_) <a href=\"https:\/\/twitter.com\/Dennis_Porter_\/status\/1912251761127223793?ref_src=twsrc%5Etfw\">April 15, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Your voice matters! Please be sure to reach out to your lawmaker when a Bitcoin bill is up for a vote,&#8221; urged Dennis Porter, co-founder and CEO of Satoshi Action Fund, to cryptocurrency supporters.<\/p>\n<\/blockquote>\n<p>In Oklahoma, Congressman Cody Maynard <a href=\"https:\/\/www.oklegislature.gov\/BillInfo.aspx?Bill=hb1203&#038;Session=2500\">introduced<\/a> the SBR bill in January. The document proposed granting the state treasurer the authority 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.<\/p>\n<p>Earlier this year, legislators in several states proposed creating crypto reserves, prompting industry experts to <a href=\"https:\/\/u1f987.com\/en\/news\/us-states-start-a-race-for-bitcoin-reserves\">declare an &#8220;SBR race&#8221;<\/a>. Despite the <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-initiatives-emerge-across-several-u-s-states\">expansion<\/a> of such proposals in recent months to regions like Montana, Pennsylvania, North and South Dakota, and Wyoming, they have already <a href=\"https:\/\/u1f987.com\/en\/news\/montana-house-rejects-bitcoin-reserve-bill-2\">failed<\/a> in some areas.<\/p>\n<p>According to Porter, 47 SBR bills have been initiated in 26 states in 2025. Forty-one documents are at various stages of consideration.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">ONE HUNDRED AND SEVENTEEN PRO-BITCOIN BILLS IN 2025! THE USA IS THE MOST PRO-BITCOIN NATION IN THE WORLD. THERE IS NO SECOND BEST. ?? <a href=\"https:\/\/t.co\/MfF5EaxvqF\">pic.twitter.com\/MfF5EaxvqF<\/a><\/p>\n<p>\u2014 Dennis Porter (@Dennis_Porter_) <a href=\"https:\/\/twitter.com\/Dennis_Porter_\/status\/1911157649888129251?ref_src=twsrc%5Etfw\">April 12, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In total, lawmakers have introduced 177 legislative projects related to the first cryptocurrency at the regional level during this time.<\/p>\n<p>Back in early March, U.S. President Donald Trump <a href=\"https:\/\/u1f987.com\/en\/news\/trump-establishes-u-s-strategic-bitcoin-reserve\">signed an order<\/a> to establish a federal SBR based on assets confiscated by the Treasury.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A bill proposing a strategic Bitcoin reserve (SBR) in the Oklahoma House of Representatives failed to gain approval in the Senate&#8217;s relevant committee. ?? State Reserve Race Update: Oklahoma Reserve Bill HB1203 has FAILED in the Senate Revenue and Taxation Committee, 6-5. The No votes were:\u2014 Sen. Todd Gollihare [R]\u2014 Sen. Chuck Hall [R]\u2014 Sen. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1641,26],"class_list":["post-23115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-reserves","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=23115"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23115\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/23114"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=23115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=23115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=23115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}