Technology

HB 1203, the Strategic Bitcoin Reserve Act, would allow Oklahoma's State Treasurer to invest up to 10% of specific state funds (General Fund, Revenue Stabilization Fund, and Constitutional Reserve Fund) in Bitcoin or digital assets with a $500 billion+ market cap, plus approved stablecoins. The bill requires all digital assets to be held through secure custody solutions meeting strict security standards, including multi-party governance and encrypted storage in geographically diverse facilities. It also mandates that taxes paid in Bitcoin be converted to U.S. currency and transferred to the State General Fund, and permits state retirement funds to hold digital assets under similar secure custody rules. The act applies directly to state treasury operations, retirement funds, and tax collection processes. The bill was introduced in 2025 but failed in committee in April 2025.

HB 1346 changes Oklahoma law by replacing the term "child pornography" with "child sexual abuse material" in all relevant statutes. It requires commercial entities (like websites or platforms) to implement "reasonable age verification methods" to prevent minors from accessing harmful online content, and holds these entities liable for civil damages if they knowingly publish or distribute such material. The bill directly affects online platforms and commercial entities hosting content, adding new civil liability standards without creating new criminal penalties. Key provisions define terms like "age verification methods" and "harmful to minors" to clarify enforcement.

HB 1982 updates Oklahoma school contracting rules for electronic educational materials. It requires vendors to guarantee materials are ready for immediate use at delivery, provide free replacements for defects within seven days, and supply updates/support within seven days of a school's notification. The bill also mandates that electronic files for textbooks must be in formats compatible with federal accessibility standards (like Braille conversion), ensuring materials can be adapted for students with disabilities. These rules apply to digital textbooks, software, and online learning tools purchased by school districts, effective July 1, 2025.

HB 2024, the Oklahoma Space Renaissance Act, allocates $51.3 million in state funds to support Oklahoma's space industry development. The bill directs $35 million for infrastructure at the Oklahoma Air and Space Port to enable spacecraft testing and launches, and $15 million for a microgravity research consortium focused on commercial science projects in Oklahoma City. It also provides $1.3 million for the Oklahoma Space Industry Development Authority to carry out its duties. The funding is intended for fiscal year 2026, with the bill effective July 1, 2025.