HB 1891
State government; Oklahoma State Treasurer; digital assets; precious metals; Digital Asset Property Fund; effective date.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill allows the Oklahoma State Treasurer to invest a portion of state funds in precious metals, digital assets (with a market cap of over $500 billion), and stablecoins. It establishes a Digital Asset Property Fund to return assets lost due to fraud or criminal activity to Oklahoma residents. The Treasurer is required to establish secure custody solutions, utilize qualified custodians, and conduct a study on the role of these assets in the state’s economy. The bill also permits staking of digital assets and outlines a process for loaning certain digital assets.
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