Texas represents another Bitcoin Reserve account to allow investments of $ 250 million

State lawmakers in Texas have introduced another Bitcoin Reserve account that would allow the State Company to invest up to $ 250 million Bitcoin or other cryptocurrency.

11. Marta document On the location of the state state, Tekas reveals another Bitcoin (Btc) Reserve account, HB 4258, entered the ring. This is another reserves for Bitcoin to be introduced in the state, after the Senate Account 778, which is currently inspected From home after departure most of the votes in the Senate.

Unlike the first Law, HB 4258 would approve compoiler, the main accountant and financial guard guard, the ability to invest up to $ 250 million of state balance of economic stabilizers in Bitcoin or other types of crypto.

Not only that, the bill also allows municipalities or counties to invest in Bitcoin or any other cryptocurious, but no more than 10 million dollars of its funds can be awarded to CRIPTO.

The first account, SB 778, did not specify the amount of funds so that the state could invest in Bitcoin or crypto. Although determined that the state will begin to collect taxes and donations in cryptocurrency. In addition, Texas has at least five-year embargo for sale of state bitcoin.

Earlier this month, State Senate approved Proposal for investing public funds in Bitcoin with 25-2 voting. Texas House will now reconsider the bill and announce its decision to reject or approve until 24. May. According to the Founder of the Satoshi ACT Fund Dennis Porter, the house members could soon expedite the process and take the proposal at the Governor’s desk.

According to Bitcoin Reserve Monitoris at least 21 years old Us States thinking about strategic reserves of cryptocurrency. Each state is in different phases of legislative approval, with 19 state legislation still in progress, two still consider proposals, while five rejected.