Oklahoma House Passes Strategic Bitcoin Reserve Bill

Oklahoma's State House passed the Strategic Bitcoin Reserve Bill, allowing the state to invest up to 10% of public funds in Bitcoin, leading to a 4.2% increase in Bitcoin's price. This move signals a growing trend among U.S. states towards embracing digital assets, as other states also explore crypto investments. Oklahoma State Treasurer Todd Russ expressed cautious optimism about the investment's potential returns and its role as a hedge against inflation. The legislation reflects a broader shift towards institutional adoption of cryptocurrencies across America.