7 months ago
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The Texas Senate passed a measure connected March 6 to make a Bitcoin and cryptocurrency strategical reserve.
The Texas Senate passed the Bitcoin (BTC) strategical reserve measure SB-21 successful a 25-5 ballot connected March 6, aft deliberating the merits of the authorities connected the Senate floor.
Texas State Senator Charles Schwertner argued for the bill, saying that it would assistance the US authorities enactment up its equilibrium expanse with a valuable, scarce asset.
Lawmakers besides assuaged fears that Bitcoin was a nonstop rival to the US dollar arsenic a planetary reserve currency, adding that it was overmuch much akin to gold.
Texas State Senator Charles Schwertner addresses Texas Senate successful enactment of the bill. Source: Bitcoin Laws
The Texas strategical Bitcoin reserve authorities was introduced by State Senator Charles Schwertner successful January 2025 arsenic a Bitcoin-only measure that omitted the acquisition of different integer assets.
However, successful February 2025, the measure was refiled to see different integer assets pursuing US President Donald Trump’s Jan. 23 enforcement order directing a committee to survey the feasibility of a “digital plus stockpile.”
Page 1 of SB-21 establishing a Bitcoin and integer plus reserve. Source: Texas State Senate
This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.
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