CandleFocus Texas Senator introduces bill to establish U.S. first state-level Bitcoin strategic reserve
2025-01-16
Author: Content Editor
Senator Charles Schwertner has proposed a bill to establish the first state-level Bitcoin strategic reserve in Texas. This would position Texas as a leader in adopting Bitcoin and could allow the state to collect taxes, fees, and donations in BTC. The call for a national strategic Bitcoin reserve has grown stronger since President-elect Donald Trump's crypto-friendly campaign promises. Other states, including Oklahoma, Pennsylvania, North Dakota, and New Hampshire, have also introduced bills to establish their own Bitcoin reserves. While there is skepticism about whether the US will establish a Bitcoin reserve, the prospect of it could act as a positive market catalyst and prompt other nations to do the same.
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