Texas Senate to Discuss Strategic Bitcoin Reserve
- The Texas Senate will hold a public hearing to discuss creating a Strategic Bitcoin reserve.
- The initiative is led by Republican Texas state Senator Charles Schwertner.
- The proposed legislation would allow the state comptroller to invest in cryptocurrencies, like Bitcoin.
- Bitcoin is the only cryptocurrency with a market capitalization over $500 billion in the past year, making it eligible for the reserve.
- Georgia has introduced a bill allowing up to 5% of state funds to be invested in Bitcoin.
The Texas Senate’s upcoming hearing will explore establishing a Strategic Bitcoin reserve, with legislation permitting investments in cryptocurrencies like Bitcoin, which currently meets the eligibility criteria due to its significant market capitalization.
Source (2.6)https://dailyhodl.com/2025/02/17/texas-senate-to-hold-hearing-on-establishing-strategic-bitcoin-btc-reserve/?rand=59076
