• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Regulations

Texas Lawmaker Introduces Bill That Would Establish Bitcoin Reserve Within the State Treasury

n70products by n70products
December 17, 2024
in Regulations
0
Texas Lawmaker Introduces Bill That Would Establish Bitcoin Reserve Within the State Treasury
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


A member of the Texas Home of Representatives simply proposed a brand new laws that may allow the Lone Star State to determine a strategic Bitcoin (BTC) reserve inside its treasury.

Republican state Consultant Giovanni Capriglione filed the Texas Strategic Bitcoin Reserve Act on Thursday.

The invoice says the strategic Bitcoin reserve aligns with the state’s dedication to fostering innovation in digital belongings and enhancing monetary safety because the flagship cryptocurrency can function a hedge towards inflation and financial volatility.

If authorised, the proposed legislation will enable Texas residents to voluntarily contribute to the reserve items, grants, donations, bequests or devises in BTC.  Bitcoin that enters the state’s custody must be saved for no less than 5 years earlier than the asset could also be transferred, bought, or transformed to a different crypto asset.

“This fund permits the state to personal Bitcoin as a monetary asset and for Texans to voluntarily donate Bitcoin to advertise a shared possession and group funding in Texas’s monetary future.”

Says Dennis Porter, the CEO and co-founder of crypto-focused nonprofit Satoshi Motion Fund,

“I can affirm that the state of Texas has filed a invoice to formally set up a ‘Strategic Bitcoin Reserve’. Historical past was made as this was the primary time a invoice was filed stay on X Areas. Congrats to @VoteGiovanni for his management on Bitcoin.”

Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox

Examine Price Action

Comply with us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Get Alerts

Disclaimer: Opinions expressed at The Each day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any losses chances are you’ll incur are your duty. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please notice that The Each day Hodl participates in affiliate marketing online.

Generated Picture: Midjourney





Source link

Tags: BillBitcoinestablishIntroduceslawmakerReserveStateTexasTreasury
Previous Post

Dogecoin (DOGE) Rally on Hold: Can Momentum Kick Back In?

Next Post

Trump Crypto Venture Snaps Up $250,000 In ONDO Tokens

Next Post
Trump Crypto Venture Snaps Up $250,000 In ONDO Tokens

Trump Crypto Venture Snaps Up $250,000 In ONDO Tokens

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Luxemburg flags crypto service providers as high risk

Luxemburg flags crypto service providers as high risk

May 27, 2025
Cardano Officially Rolls Out Chang Hard Fork, Unlocking Sovereign Wealth Fund Worth About $500,000,000 in ADA

Cardano Officially Rolls Out Chang Hard Fork, Unlocking Sovereign Wealth Fund Worth About $500,000,000 in ADA

September 4, 2024
Skyrocketing Number of Crypto Projects Can Be Attributed to Launch of Pump.fun, According to CoinGecko

Skyrocketing Number of Crypto Projects Can Be Attributed to Launch of Pump.fun, According to CoinGecko

May 4, 2025

Recents

Gemini Powers Bitcoin With A Cybertruck

Gemini Powers Bitcoin With A Cybertruck

May 31, 2025
US Authorities Sanction Philippines-Based Firm for Allegedly Providing Computer Infrastructure for Crypto Pig Butchering Scams

US Authorities Sanction Philippines-Based Firm for Allegedly Providing Computer Infrastructure for Crypto Pig Butchering Scams

May 31, 2025
Uniswap Rally Loading—Here’s Why The Next Move Could Be Explosive

Uniswap Rally Loading—Here’s Why The Next Move Could Be Explosive

May 31, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high hits Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version