CoinDesk Podcast Network BITCOIN SEASON 2: We Need Bitcoin For State Pensions, Not Treasuries
9 snips
May 21, 2025 
Storm Rundd, President of the Oklahoma Bitcoin Association and co-founder of Bubble FM, dives into the intricacies of state Bitcoin strategic reserve bills. He reveals why many proposals fail despite public support and discusses the stark opportunity costs from avoiding Bitcoin investment for pensions. The conversation also unveils vibe coding, simplifying app development through AI, and explores AI's transformative effect on business models and job markets. Tune in for insights that blend finance, technology, and strategic planning!
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Complexity of SBR Bill Passage
- Each state has a unique legislative process that can create many hurdles for Bitcoin Strategic Reserve (SBR) bills.
- Passage frequency varies due to timing, committee resistance, and political dynamics across states.
Bill Killed by Committee Chair
- Oklahoma's Bitcoin reserve bill passed with strong initial support but died in a Senate committee due to personal opposition.
- One committee chair compared investing in Bitcoin to owning orange juice futures, killing the bill despite wide support.
Bills Avoid Mandating Bitcoin Buys
- None of the Bitcoin reserve bills mandate actual purchases but add Bitcoin as an allowed investment option.
- This approach avoids vetoes and fiscal impact scrutiny, making bills easier to pass.