Texas House passes strategic Bitcoin reserve bill
Summary
The Texas House of Representatives passed SB 21, aiming to create a strategic Bitcoin reserve managed by the state's comptroller. The bill passed with a 101-42 vote and awaits Governor Greg Abbott's decision. SB 21 allows investment in cryptocurrencies with a market cap over $500 billion in the past year, currently only applicable to Bitcoin. State representative Capriglione highlighted the bill as crucial for Texas's leadership in the digital age, embracing Bitcoin as a modern asset with traditional properties. Further developments are expected as the story progresses.
