About six US states, including Oklahoma and New Hampshire, have proposed Bitcoin reserve laws.
Oklahoma State has officially thrown its hat into Bitcoin (Bitcoin) Treasury race. According to crypto proponent Dennis Porter, the Oklahoma House of Representatives has done just that foot “BTC Strategic Reserve” bill.
Oklahoma becomes the sixth state to introduce a “Bitcoin Strategic Reserve” policy that enables the state to purchase Bitcoin once the law is passed. This means we are now halfway to our goal of having 12 states introduce SBR bills.
Dennis Porter on X
States have rushed to overtake federal lawmakers in adopting SBR since Donald Trump was re-elected as the 47th President of the United States last November. number Includes Oklahoma, New Hampshire, Ohio, Texas, Pennsylvania, and North Dakota.
Porter, a key figure in this movement, has suggested that only a potential executive order from Trump could create a national Bitcoin reserve before individual state efforts.
Industry leaders have done so, including Anthony Pompliano urge President-elect Trump will fulfill his Bitcoin reserve pledge within the first 100 days of his administration.
Doing so could push the asset to new price highs and reaffirm Bitcoin as a legitimate sovereign reserve asset.
However, not everyone agrees on the merits of Bitcoin as an asset class. As crypto.news reports, skeptics, such as AQR Capital Management founder Cliff Asness, believe that Bitcoin is a bubble. ready to explode unless "real-world use cases arise."
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