Texas appointed to create the first Bitcoin and Crypto Reservate after the approval of the Senate Bill 21
Texas can become the first state to have a bitcoin (BTC) strategic reserves after the approval of a new bill that allows it to invest in encryption and management assets.
On Thursday, the Senate voted in Texas 25-5 to pass the Senate Bill 21, or the Reserve and Investment Law in Texas Strategic.
The legislation seeks to create the Texas Bitcoin Reserve for Lone Star State, or a special fund outside the government treasury that stores BTC and other cryptocurrencies with the market capitalization of not less than $ 500 billion.
Read SB 21,
“The establishment of the Bitcoin Strategic Reserve serves the general purpose of providing augmented financial security for the residents of this state and providing a mechanism to receive donations from Bitcoin and other encrypted currencies.”
If the bill is signed on the law, R.The state observer would have attended the encryption reserves and its management and would have the authority to obtain and sell digital assets.
Texas, the ruling Lieutenant Dan Patrick He says He wants to make the state the center of America’s digital future.
President Trump stated unambiguously that he intends to make the United States the capital of cryptocurrencies in the world. His leadership paved the way for bitcoin and digital assets the way for the American fast innovation, and the takas that leads the road.
I promised to assemble Bitcoin Texas a priority to unify Texas leadership in the digital age. Today, the Senate in Texas made this promise to pass SB 21 with both the Republican and Democratic Voices to create the Texas Bitcoin Reserve. Some have called Bitcoin “digital gold”, and I believe that its limited supplies and decentralized nature make it a decisive advantage for the future of Texas. “
With the approval of the Senate, SB 21 will now move to the House of Representatives in Texas, where it must pass before the law becomes.
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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