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Texas Legislator Introduces Bill to Establish Bitcoin Strategic Reserve

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Texas Legislator Introduces Bill to Establish Bitcoin Strategic Reserve
Written by Web3tatafo

The Texas legislature will consider adopting a Bitcoin strategic reserve following the introduction of a bill Thursday to establish such a program, amid ongoing efforts to do the same on a national level in the United States.

The proposed bill, H.B. No. 1598, was introduced by Texas State Representative Giovanni Capriglione. It seeks to build up a supply of Bitcoin for the state, with the funds held for at least five years without being sold, plus it will allow Texas citizens to make donations to the fund.

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“A strategic Bitcoin reserve aligns with Texas’s commitment to fostering innovation in digital assets and providing Texans with enhanced financial security,” the text of the bill reads.

Editor’s note: This story is breaking and will be updated with additional details.

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https://decrypt.co/296264/texas-bill-bitcoin-strategic-reserve

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