CandleFocus Texas Legislator Introduces Bill to Establish Bitcoin Strategic Reserve
2024-12-12
Author: Content Editor
The Texas legislature is considering the adoption of a Bitcoin strategic reserve through a proposed bill, H.B. No. 1598. The bill, introduced by Texas State Representative Giovanni Capriglione, aims to establish a fund of Bitcoin for the state. The funds will be held for at least five years without being sold, and citizens will also have the option to make donations to the fund. The bill emphasizes Texas's commitment to fostering innovation in digital assets and providing its residents with enhanced financial security.
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