Crypto Daily – The Texas House of Representatives introduced legislation to establish a strategic reserve that could act as a proving ground for the US Treasury.
Texas Representative Giovanni Capriglione introduced the legislation at a time when BTC is attracting significant attention.
Texas To Establish Bitcoin Reserve?
The Texas House of Representatives introduced legislation to establish a strategic Bitcoin reserve, a move that mirrors efforts on the national level. The proposed bill, H.B. No. 1598, was introduced by Texas State Representative Giovanni Capriglione and aims to build a strategic supply of Bitcoin (BTC) for the state with funds held for at least five years without being sold. Citizens will also be allowed to donate to the fund. The bill states,
“A strategic Bitcoin reserve aligns with Texas’s commitment to fostering innovation in digital assets and providing Texans with enhanced financial security.”
The bill…
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