Ah, dear Oklahoma! Like a suitor rejected at the ball, thou hast been cast out from the noble game of Strategic Bitcoin Reserve (SBR), thy bill spurned by the grand Senate Taxation committee.
Oklahoma Flies Away from Bitcoin’s Banquet
On a most unfortunate Monday, the fair Oklahoma did abandon the quest for the Strategic Bitcoin Reserve, despite boasting a Republican throng in its senate—the committee of revenues and taxes turned thumbs downward with a mischievous wink.
In the merry month of January, this Oklahoma spectacle became the sixth of its kin to court the bitcoin muse. The valiant Representative Cody Maynard, with quill in hand, scribed House Bill 1203, a scroll promising state coffers and pension chests to revel in the golden spoils of digital riches.
With such laughter in the plan! The Treasurer and trusty pension funds might clutch digital coins under the watchful eyes of a “qualified custodian” (a sort of crypto guardian angel), and any taxes in bitcoin were bid to kiss the State General Fund before getting the respectful reimbursement in cold, hard dollars.
Oklahoma fancied itself in the front row, neck-and-neck with Texas—the two champions advancing boldly, prancing through legislative dances, even winning the House’s favor 77 to 15. But alas! The Senate Tax Committee, that merry band of six nay-sayers (including four Republicans, mind you), did end the play with a 6 to 5 final act on April 14.
Ah, sweet irony! Senator Christi Gillespie, swayed only at the eleventh hour by “a couple of constituents,” turned her vote to a “yes” but too late to save the day. The town crier on X (once known as Twitter) chuckled: “Political hearts can be swayed, dear Bitcoiners. Yet, fortune is as fickle as a cat in a room of rocking chairs.”
The Saga of Crypto Waxes and Wanes Across the States
Thus, Oklahoma joins the ranks of fallen comrades: Utah, Montana, South Dakota, North Dakota, Pennsylvania, and Wyoming — all having likewise donned the cloak of doubt upon SBR plans.
Yet, hope is not extinct! Another bill, penned by Senator Dusty Deevers, still lingers in the ether, promising the common folk the delight of earning and spending Bitcoin. Senate Bill 325 promises freedom to accept and pay with BTC, protecting those Oklahoma wallets from inflation’s gnawing teeth.
This bill proposes a world where Bitcoin might be king — a framework for secure transactions, salaries handed with digital grace, all voluntary, of course, bowing humbly to free-market gods.
Alas, this play remains unwatched since being handed to the Technology and Telecommunications comedians back in February.
The noble race for the crown yet continues, led by the gallant Arizona (SB1025 and SB1373), New Hampshire’s lively HB302, and Texas’s bold SB21.
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2025-04-17 18:16