State government; Oklahoma State Treasurer; digital assets; precious metals; Digital Asset Property Fund; effective date.
HB 1891 allows Oklahoma's State Treasurer to invest up to 10% of public funds (from the General Revenue, Rainy Day, and Lottery Funds) in precious metals (gold, silver, platinum) and specific digital assets with a $500 billion+ average market cap, or approved stablecoins. It requires all digital assets to be held via strict "secure custody solutions" meeting defined security standards, including encrypted key management and disaster recovery protocols. The bill also creates a new Digital Asset Property Fund to hold digital assets obtained through *criminal* asset forfeiture (excluding civil forfeiture) and return them to affected Oklahomans. This directly affects state investment policies and the management of public funds held by the Treasurer, with no impact on individual citizens' personal assets.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 3, 2025
Last action Feb 4, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
0
Feb 3, 2025
Introduced
First Reading
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mark Lepak
RRepublican
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