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On March 25th, COINOTAG News reported a significant legislative development in the cryptocurrency arena, as the Oklahoma House of Representatives approved the Strategic Bitcoin Reserve Bill. This forward-thinking measure enables the state to allocate 10% of its public funds towards Bitcoin and other digital assets that boast a market capitalization exceeding $500 billion. The move reflects a growing trend among states to incorporate cryptocurrency into their financial strategies, aiming to enhance portfolio diversification and seize potential gains from this emerging asset class. By approving this bill, Oklahoma positions itself as a progressive player in the evolving crypto landscape, signaling potential opportunities for both institutional investors and the state’s financial health.
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