OKLAHOMA CITY – Rep. Cody Maynard, R-Durant, announced today the introduction of the Strategic Bitcoin Reserve Act, a groundbreaking initiative to position Oklahoma as a national leader in embracing sound money principles and cutting-edge fiscal policy.

Aligned with President Trump’s vision for digital assets and financial stability, House Bill 1203 would allow Oklahoma’s state savings accounts and pension funds to invest in digital assets like Bitcoin. Maynard said the investments would be managed prudently to meet the needs of fund managers, generate reliable returns for citizens, and safeguard purchasing power against inflationary pressures.

“Bitcoin represents freedom from bureaucrats printing away our purchasing power,” Maynard said. “As a decentralized form of money, Bitcoin cannot be manipulated or created by government entities. It is the ultimate store of value for those who believe in financial freedom and sound money principles.”

The Strategic Bitcoin Reserve Act would ensure Oklahoma is prepared for a future where digital assets play a pivotal role in the global economy, Maynard said. By allowing state funds to responsibly invest in Bitcoin, the legislation would provide a hedge against inflation and reinforce Oklahoma’s commitment to fiscal responsibility and forward-thinking governance.

“This bill is about protecting the hard-earned money of Oklahoma’s citizens,” Maynard continued. “By diversifying our state’s savings and pension funds into digital assets, we are not only securing a stronger financial future for our state but also demonstrating Oklahoma’s leadership in adopting innovative fiscal policies.”

The Strategic Bitcoin Reserve Act underscores Maynard’s belief in leveraging technology to empower individuals and governments alike. With Bitcoin’s finite supply and decentralized nature, he said it represents a unique opportunity to strengthen Oklahoma’s financial foundation and ensure sustainable growth for generations to come.

HB1203 will be eligible for consideration in the upcoming legislative session, which starts Feb. 3. If enacted, it would become effective Nov. 1.