The Texas Senate is planning a public hearing on the implementation of a strategic Bitcoin reserve. The bill was introduced by Senator Charles Schwertner and is one of the Senate's top priority bills. The new version of the bill allows investment in cryptocurrencies with a market capitalization of at least $500 billion. Texas aims to enhance its economic resilience by integrating Bitcoin, as it is a major Bitcoin mining hub. Over 20 states in the US are now considering launching state-level Bitcoin reserves. The likelihood of a federal Bitcoin reserve being approved this year is currently at 43%, according to Polymarket data. Other countries may also start buying Bitcoin.



Other News from Today