Shown verbatim: the complete text as captured from the official PDF posted by the Oklahoma Legislature, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
1 STATE OF OKLAHOMA
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2 2nd Session of the 60th Legislature (2026)
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3 SENATE BILL 1985 By: Guthrie
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6 AS INTRODUCED
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7 An Act relating to retirement systems; creating the
7 Strategic Pension Protection Act; providing short
8 title; defining terms; authorizing the investment of
8 state retirement funds in certain digital assets;
9 limiting amount of funds to be invested; providing
9 for noncodification; providing for codification; and
10 providing an effective date.
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13 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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14 SECTION 1. NEW LAW A new section of law not to be
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15 codified in the Oklahoma Statutes reads as follows:
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16 This act shall be known and may be cited as the "Strategic
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17 Pension Protection Act".
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18 SECTION 2. NEW LAW A new section of law to be codified
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19 in the Oklahoma Statutes as Section 2501 of Title 62, unless there
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20 is created a duplication in numbering, reads as follows:
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21 As used in this act:
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22 1. "Bitcoin" means the decentralized digital currency launched
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23 in 2009 based on Satoshi Nakamoto's white paper titled "Bitcoin: A
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24 Peer-to-Peer Electronic Cash System". Bitcoin also means the
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Req. No. 2201 Page 1
1 digital asset that is the basis of the bitcoin exchange-traded
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2 product and is regulated by the United States Securities and
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3 Exchange Commission;
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4 2. "Digital asset" means virtual currency, cryptocurrencies,
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5 natively electronic assets, including stablecoins and non-fungible
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6 tokens (NFTs), and other digital-only assets that confer economic,
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7 proprietary, or access rights or powers;
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8 3. "Exchange-traded product" (ETP) means any financial
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9 instrument that is approved by the United States Securities and
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10 Exchange Commission or the Commodity Futures Trading Commission, is
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11 traded on an American-regulated exchange, and derives its value from
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12 an underlying pool of assets such as stocks, bonds, commodities, or
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13 indexes; and
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14 4. "Stablecoin" means a digital asset that is issued by a
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15 corporation backed by dollars or high-quality liquid assets and is
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16 redeemable on demand by the holder at par for a fixed monetary value
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17 in equivalent United States dollars.
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18 SECTION 3. NEW LAW A new section of law to be codified
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19 in the Oklahoma Statutes as Section 2502 of Title 62, unless there
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20 is created a duplication in numbering, reads as follows:
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21 Any state retirement system may invest digital assets in
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22 exchange-traded products that have been duly registered by either
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23 the United States Securities and Exchange Commission or the
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24 Commodity Futures Trading Commission. The amount of funds that may
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Req. No. 2201 Page 2
1 be invested in bitcoin or any digital assets with a market cap of
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2 over Five Hundred Billion Dollars ($500,000,000,000.00) averaged
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3 over the previous calendar year and stablecoins may not, at the time
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4 the investment is made, exceed five percent (5%) of the total amount
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5 of funds in that account.
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6 SECTION 4. This act shall become effective November 1, 2026.
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8 60-2-2201 QD 1/15/2026 9:34:30 AM
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Req. No. 2201 Page 3Every fact on this page links to its source, starting with the official bill record.