Oklahoma Senate Rejects Bitcoin Reserve Proposal

A bill proposing a strategic Bitcoin reserve (SBR) in the Oklahoma House of Representatives failed to gain approval in the Senate’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:
— Sen. Todd Gollihare [R]
— Sen. Chuck Hall [R]
— Sen. Brent Howard [R]
— Sen. Julia Kirt [D]
— Sen. Mark Mann [D]
— Sen. Dave Rader [R] pic.twitter.com/EadkwOq2xZ

— Bitcoin Laws (@Bitcoin_Laws) April 15, 2025

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

Experts from Bitcoin Laws noted that the initiative lacked the necessary support, even though committee member Kristi Gillespie changed her stance to ‘yes’ at the last moment. She was persuaded by her constituents.

A lawmaker changed their ‘No’ vote to a ‘Yes’ because they heard from their Bitcoiner constituents!

Your voice matters! Please be sure to reach out to your lawmaker when a Bitcoin bill is up for a vote.

Great clip from @Bitcoin_Lawspic.twitter.com/CJsceiEcF6

— Dennis Porter (@Dennis_Porter_) April 15, 2025

“Your voice matters! Please be sure to reach out to your lawmaker when a Bitcoin bill is up for a vote,” urged Dennis Porter, co-founder and CEO of Satoshi Action Fund, to cryptocurrency supporters.

In Oklahoma, Congressman Cody Maynard introduced 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.

Earlier this year, legislators in several states proposed creating crypto reserves, prompting industry experts to declare an “SBR race”. Despite the expansion of such proposals in recent months to regions like Montana, Pennsylvania, North and South Dakota, and Wyoming, they have already failed in some areas.

According to Porter, 47 SBR bills have been initiated in 26 states in 2025. Forty-one documents are at various stages of consideration.

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. ?? pic.twitter.com/MfF5EaxvqF

— Dennis Porter (@Dennis_Porter_) April 12, 2025

In total, lawmakers have introduced 177 legislative projects related to the first cryptocurrency at the regional level during this time.

Back in early March, U.S. President Donald Trump signed an order to establish a federal SBR based on assets confiscated by the Treasury.