Texas has taken a landmark step by passing Senate Bill 21, allowing the state to establish a Bitcoin reserve as part of its treasury management strategy. Approved with strong bipartisan support, the bill authorizes the Texas state comptroller to hold and invest in Bitcoin and other major cryptocurrencies, positioning Texas as a leading crypto-adopting state after New Hampshire. This initiative reflects Texas’s ambition to foster blockchain innovation and diversify state assets amid a booming local Bitcoin mining sector. While federal regulatory challenges remain possible, the legislation underscores growing momentum for state-level Bitcoin adoption in the U.S., complementing significant corporate and international Bitcoin accumulation trends.
Continue to read Texas Legislates State Bitcoin Reserve with Overwhelming Support; Governor Abbott Set to Approve
Texas has taken a landmark step by passing Senate Bill 21, allowing the state to establish a Bitcoin reserve as part of its treasury management strategy. Approved with strong bipartisan support, the bill authorizes the Texas state comptroller to hold and invest in Bitcoin and other major cryptocurrencies, positioning Texas as a leading crypto-adopting state after New Hampshire. This initiative reflects Texas’s ambition to foster blockchain innovation and diversify state assets amid a booming local Bitcoin mining sector. While federal regulatory challenges remain possible, the legislation underscores growing momentum for state-level Bitcoin adoption in the U.S., complementing significant corporate and international Bitcoin accumulation trends.
Continue to read Texas Legislates State Bitcoin Reserve with Overwhelming Support; Governor Abbott Set to Approve
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