Texas and Oklahoma Propose Bills for State Bitcoin Reserves

Several US states are proposing legislation to establish strategic bitcoin reserves amid speculation about a national reserve.

Texas senator Charles Schwertner advocates for Texas to create a strategic bitcoin reserve, highlighting its potential as a hedge against inflation and economic volatility.
The proposed reserve would function outside the state treasury's general revenue fund, with secure custody managed by the comptroller.
The comptroller can transfer, sell, or convert the reserve's BTC based on a two-thirds majority vote in the Texas legislature.
Oklahoma lawmaker Cody Maynard introduced a bill allowing public funds to be invested in BTC and stablecoins, capped at 10% of the account's public funds.
Similar proposals have emerged from Pennsylvania, New Hampshire, North Dakota, and others.
Uncertainty remains regarding Cynthia Lummis’s national BTC reserve plan, while Trump has pledged to maintain existing government-held BTC.