Summary
- It was reported that Oklahoma's 'Bitcoin Strategic Reserve Bill' was rejected by the Senate committee.
- The bill aimed to allow the Oklahoma government to invest in virtual assets with a market capitalization of over $500 billion.
- It was reported that similar bills were rejected in Montana, North Dakota, Pennsylvania, and Wyoming.
In the United States, the 'Bitcoin (BTC) Strategic Reserve Bill (HB1203)' proposed in Oklahoma has been rejected by the Senate committee.
According to Decrypt on the 16th (local time), the Oklahoma Senate Finance and Taxation Committee voted to reject the Bitcoin Strategic Reserve Bill. The rejection was by a narrow margin of 5 votes in favor and 6 against, resulting in the failure to reserve Bitcoin.
The media noted that the bill had passed with an overwhelming vote of 12 to 2 in February, raising expectations, but ultimately resulted in a disappointing outcome.
Meanwhile, the HB1203 bill, proposed in January, aimed to allow the Oklahoma government to invest in virtual assets (cryptocurrencies) with a market capitalization of over $500 billion (annually). Previously, similar bills were also rejected in Montana, North Dakota, Pennsylvania, and Wyoming.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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