Texas Files Bill to Establish a Strategic Bitcoin Reserve
Amid the ongoing rise of the leading cryptocurrency, Texas has filed a bill to establish a strategic Bitcoin reserve for the state. Texas Representative, Giovanni Capriglione, officially introduced the game-changing legislation that would allow the state to hold BTC. The co-founder of the Satoshi Action Fund, Dennis Porter, confirmed the bill in an X (formerly Twitter) Space. Moreover, the state looks to be one of 10 that are currently seeking to establish a Bitcoin reserve of their own. According to Porter, passing the legislation at the state level is key for a federal reserve to be established. I can confirm that the state of Texas has filed a bill to officially establish a ‘Strategic Bitcoin Reserve’. History was made as this was the first time a bill was filed live on X Spaces. Congrats to @VoteGiovanni for his leadership on Bitcoin. pic.twitter.com/uorZoRgXsC — Dennis Porter (@Dennis_Porter_) December 12, 2024 Also Read: BlackRock Says Up To 2% Bitcoin Allocation is ‘Reasona...