HB1203

While the race to build Bitcoin reserve funds at the state level is heating up in the U.S., the state of Oklahoma unexpectedly withdrew after a dramatic vote. House Bill 1203 – also known as the “Bitcoin Strategic Reserve Act” – was officially defeated in the Oklahoma Senate Revenue and Taxation Committee by a narrow margin of 6-5.

Notably, Senator Christi Gillespie – who was expected to vote “No” – changed her decision at the last minute after receiving feedback from constituents in the area, indicating that the voice from the Bitcoin community is increasingly gaining weight in the legislature.