OK SB1985

Authorizes Oklahoma state retirement systems to invest in digital assets through exchange-traded products registered with the SEC or CFTC

Limits digital asset investments to a maximum of 5% of total funds in any account at the time of investment

Restricts eligible digital assets to Bitcoin, stablecoins, and other digital assets with a market capitalization exceeding $500 billion averaged over the previous calendar year

Defines key terms including Bitcoin, digital assets, exchange-traded products, and stablecoins backed by dollars or high-quality liquid assets

Effective date: November 1, 2026