Texas lawmakers aim to become the first state to establish a strategic Bitcoin reserve with the new SB 21 bill.
Strategic Bitcoin Reserve in Texas
Lawmakers in Texas have refiled a bill to establish a strategic Bitcoin reserve. The renamed bill aims to create investment opportunities in other cryptocurrencies.
State Leadership Support
Senator Charles Schwertner highlights that SB 21 would make Texas the first state to establish a strategic Bitcoin reserve, driving innovation, growth, and financial freedom. He expressed gratitude to Lt. Governor Dan Patrick for prioritizing the bill among the top 40 Senate bills.
Empowering Financial Experts
The SB 21 bill differs from the previous SB 778 by providing more control and allowing the state to invest in other cryptocurrencies. It also permits management of public accounts and investments in digital assets with a $500 billion market cap.
The new SB 21 bill opens new avenues for managing state funds through cryptocurrency investments, enhancing financial security and innovation.
