Texas rises in the United States race to place public funds in Crypto, Bitcoin (BTC)

Many American states are close to putting public funds in the efforts of encrypted currencies, which President Donald Trump has paid since he announced plans to do the same at the federal level. Tixas is now among the prominent competitors.

On Thursday, the Senate in Texas The so -called SB 21 bill has passed Which allows the state to invest some public funds in digital assets, especially bitcoin (BTC).

Bitcoin, according to statement From the Senator in Texas Charles Schwentar last week, “He has proven himself through the multiple mutation and collapse cycles,” which makes it a great backup feature at times of “destroyed national deficit” along with “inflation and uncertainty”, as Schujerner described.

New Hampshire also The draft law passed on Wednesday Through the State Council Committee, and Home Law Bill 302 With a 16-1 vote, this will allow the state to invest up to 5 % of public funds in Bitcoin as well as other precious metals. Therefore, it moves forward, although it is a few voices away from the finish line.

Nearly ten countries have made strong efforts to pass a draft law that allows similar allocations, while I faced at least five states of setbacks or no voices That links their bills.

Utah has so far been among the candidates in a variety of efforts and is still just one approval in the Senate away from sending a bill to its ruler’s office. However, the legislative session ends this week, leaving a little time to obtain the Senate to join the House of Representatives in approval to invest up to 5 % of public accounts in one of the digital assets with more than $ 500 billion in assets. (To date, this is just bitcoin.)

If the Senate is in Utah on Friday, the last word goes to its Republican ruler, Spencer Cox, who supported Blockchain’s policy in the past. If not, Utah’s state efforts are postponed by another year, and other states such as Arizona and Texas can highlight.

This last procedure comes after President Trump discussed on Sunday again his own plan to obtain a strategic encryption reserve. Trump said that the American strategic encryption can carry XRP, Solana (Sol) and Cardano (ADA) as well as Bitcoin and ETHEREUM (ETH), although many of the details of the effort and how it will be implemented is still unconfirmed.

Many industrial leaders criticized Trump’s decision to obtain other cryptocurrencies outside Bitcoin, because they are the ones that suit the characteristics of other backup assets such as gold. However, the president has not provided clear guidance on how such a strategy works – for example, how the government will work on the source of the symbols.

Read more: Utah is one vote far away, but some states fail to penetrate encryption classes