Texas Senate exceeds Bitcoin Strategic Reserves Account
The Texas Senate passed Bitcoin (Btc) Strategic account for reserves SB-21 in 25-5 votes 6. March, after considering the merits of legislation on the Senate floor.
The Texas State Senator Charles Schvertner claimed an account, saying it will help the US state of their balance sheet with a valuable, scarce.
MPs also rebelled fears that Bitcoin was a direct competitor to the American dollar as a global spare currency, adding that it was much more like gold.
Texas State Senator Charles Schwertner Contact Senat Texas in support of the bill. Source: Bitcoin Laws
Texas Strategic Bitcoin Spare legislation was introduced the state senator Charles Schvertner In January 2025. Year as a Bitcoin account, which left out the procurement of other digital assets.
However, in February 2025. The account was It was overwhelmed to include other digital assets Following the president of the US Donald Trump is 23. January Executive Order Direction of the Commission for the Study of Feasibility “Digital Action of Property”.
Page One of the SB-21 establishing a Bitcoin and digital resource reserves. Source: Texas State Senate
This is a development story and additional information will be added as it becomes available.
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2025-01/01946cd8-fde1-7b71-8c69-f05b5522c084
2025-03-06 21:48:00
