Loading chat...
OK HB1203
Bill
Status
4/14/2025
Primary Sponsor
Cody Maynard
Click for details
AI Summary
-
State Treasurer may invest up to 5% of the State General Fund, Revenue Stabilization Fund, and Constitutional Reserve Fund in bitcoin, digital assets with market caps over $500 billion, and stablecoins
-
Digital assets must be held by a qualified custodian (federal/state-chartered bank, trust company, or special purpose depository) or through SEC/CFTC-registered exchange-traded products
-
State retirement funds may invest up to 5% of total funds in digital assets through registered exchange-traded products
-
State Treasurer may engage in staking of digital assets using third-party solutions if legal ownership is retained
-
Effective date: November 1, 2025
Legislative Description
Public finance; enacting the Strategic Bitcoin Reserve Act; definitions; investments; State Treasurer; assets; state retirement funds; digital assets; effective date.
Last Action
Coauthored by Senator Bullard
4/15/2025