Vote Smart's Synopsis:

Vote to pass a bill that establishes the Strategic Bitcoin Reserve Act in Oklahoma, effective November 1, 2025.

Highlights:

• Establishes the Strategic Bitcoin Reserve Act in Oklahoma (Sec. 1).

• Authorizes the State Treasurer to invest public funds in bitcoin or any other digital asset with an average market value of at least $500 billion over the past year (Sec. 2).

• Specifies that the money for these investments may come from any of the following sources (Sec. 2):

• The State General Fund;

• The Revenue Stabilization Fund; and

• The Constitutional Reserve Fund.

• Specifies that the amount of public funds the State Treasurer is authorized to invest may not exceed 5% of the total amount of public funds in that account (Sec. 2). 

• Authorizes state retirement funds to invest in bitcoin or digital assets under certain conditions, including approval by either the U.S. Securities and Exchange Commission or the Commodities Futures Trading Commission (Sec. 4). 

• Specifies that the provisions of this bill shall take effect November 1, 2025 (Sec. 5). 

Full Bill Text