CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Cryptopolitan 2025-01-16 01:16:28

Texas Senator introduces bill to establish U.S. first state-level Bitcoin strategic reserve

Senator Charles Schwertner has announced that he proposed a bill to establish the first state-level Bitcoin strategic reserve in the United States . Through an X post, Charles said he had filed Senate Bill 778 (SB 778), a bold proposal that, if passed, would make Texas the first state in the nation to establish a Strategic Bitcoin Reserve. It's time for Texas to lead the way in establishing a Strategic Bitcoin Reserve. That’s why I filed SB 778, which, if passed and signed into law, would make Texas the first state in the nation to establish a Strategic Bitcoin Reserve. This would position our state at the… pic.twitter.com/dRdCt86Otr — Charles Schwertner (@DrSchwertner) January 15, 2025 Texas is pushing to lead Bitcoin adoption Senator Charles Schwertner emphasizes that Texas should lead in adopting Bitcoin. This proposal could allow the state to collect taxes, fees, and donations in BTC. With President-elect Trump’s inauguration just a week away, Republican state leaders will relentlessly try to adopt BTC as a strategic reserve asset—at least at the state level, if not as a national reserve. Texas has the second-largest economy in the U.S. and the eighth-largest globally. It also has the highest concentration of Bitcoin miners in the country. The call for a national strategic Bitcoin reserve – one of President-elect Donald Trump’s crypto-friendly campaign promises – has grown stronger since the election. Bitcoin has risen by more than 45% as optimistic investors bet that establishing such a reserve will further boost its price. U.S. states and countries are actively exploring Bitcoin reserves as a market catalyst While there is some skepticism about whether the U.S. will establish a Bitcoin reserve or if it does, whether it will be the first, the mere prospect of it could act as a positive market catalyst in the new year. This could prompt other nations to create their own reserves, even if the U.S. does not follow through. Several states are eager to take the lead in this new area. Oklahoma Representative Cody Maynard introduced House Bill 1203, dubbed the Strategic Bitcoin Reserve Act. The bill proposes allocating some of the state’s pension funds and savings accounts to Bitcoin. At the end of last year, Pennsylvania lawmakers proposed that the state Treasury invest up to 10% of its assets in Bitcoin. Representative Mike Cabell emphasized that Pennsylvania could follow private asset managers like BlackRock and Fidelity. On January 10, North Dakota and New Hampshire also introduced their own Bitcoin reserve bills. New Hampshire’s legislation uses broader terminology, like “ digital assets, ” which indicates a potential interest in cryptocurrencies beyond Bitcoin. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta