3 weeks ago
Texas is drafting person to establishing a strategical bitcoin (BTC) reserve aft a legislature measure to make 1 was approved by the little house.
The state's House of Representatives voted successful favour of Senate Bill 121 which would found a "Texas Strategic Bitcoin Reserve for the intent of investing successful cryptocurrency and the concern authorization of the comptroller of nationalist accounts implicit the reserve and definite different authorities funds."
The bill, which passed successful a 101-42 vote, present awaits a concurrence ballot from the Senate pursuing House amendments earlier passing to Governor Greg Abbott's table for a last sign-off.
Texas would go the 2nd authorities to found a strategical reserve for integer assets after New Hampshire.
An equivalent ballot successful Arizona got each the mode to the politician but was vetoed by Katie Hobbs, calling bitcoin an "untested investment." However she has enacted a akin bill which permits the authorities to clasp abandoned integer assets arsenic unclaimed property.
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