Internet reports that the Oklahoma Senate Taxation Committee narrowly vetoed House Bill 1203 (also known as the Strategic Bitcoin Reserve Act) with a 6 - 5 margin. Bill HB1203, introduced by Rep. Cody Maynard in January, would allow the Oklahoma Treasury Secretary to invest in Bitcoin and other eligible digital assets. Eligible digital assets are defined as any asset with a market value of more than $500 billion in the past year. Currently, only Bitcoin meets this threshold. An earlier committee overwhelmingly passed the bill 12 - 2 in February, setting the stage for Monday's momentous showdown.