Texas State Bitcoin Reserve Gets Closer With Senate Bill Passage
2025-03-06 19:34:00 UTC
Amid national chatter, the state of Texas edged closer to establishing its own Bitcoin reserve Thursday with a bill passing the Senate.
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.
Source: decrypt.co
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