Texas Senate Weighs Bitcoin Reserve Law Amid Growing State-Level Crypto Adoption

Texas Senate Weighs Bitcoin Reserve Law Amid Growing State-Level Crypto Adoption

In a major step toward the state-level adoption of cryptocurrencies, the Texas Senate is scheduled to consider a proposed law that would allot a portion of the state's $24 billion sovereign wealth fund to Bitcoin. The Texas Strategic Bitcoin Reserve and Investment Act was adopted by the Texas Senate Committee on Business and Commerce with a resounding 10-0 vote. The initiative, led by Republican Senator Charles Schwertner, intends to establis...

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