Texas Senators on Thursday passed a bill that seeks to create a strategic Bitcoin reserve in the state, pushing the proposal one step closer to becoming law as it next heads to the House of Representatives.
The bill—SB 21—proposes a “state-managed investment fund focused on Bitcoin and other high-market-cap cryptocurrencies.”
A number of U.S. states are trying to pass legislation to hold Bitcoin and other cryptocurrencies.
Editor’s note: This is a breaking news story and will be updated.
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https://decrypt.co/308981/texas-bitcoin-reserve-senate-bill-passed
