Close vote kills momentum despite grassroots pressure
Oklahoma’s bid to join the Bitcoin treasury movement has failed. The state Senate Revenue and Taxation Committee narrowly voted down House Bill 1203 by 6-5, ending a proposal that would have allowed the state to invest in Bitcoin using public funds.
The bill was one of the most closely watched in the national push for state-level Bitcoin reserves. It proposed allowing the state treasurer to invest in any digital asset with a $500 billion market cap — a category currently exclusive to Bitcoin.
Other states move forward as Oklahoma exits
New Hampshire, Texas, and Arizona are now the leading U.S. states pursuing strategic Bitcoin reserves. In Arizona, two bills (SB1373 and SB1025) are moving through the legislature. Texas passed its Bitcoin reserve bill in March. In New Hampshire, a bill that would permit up to 10% of state funds to go into Bitcoin just cleared the House.
The Oklahoma vote follows several other state-level failures, including in Montana, North Dakota, and Pennsylvania, highlighting both the momentum and resistance surrounding public-sector crypto adoption.
At the time of the vote, Bitcoin was trading at $83,927.46, up over 9% in 24 hours, adding to the urgency among lawmakers in other states to act before prices move further.
