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

WallStreet Forex Robot 3.0
BTC Pulse 2025-01-16 14:50:00

Texas Senator Files Bill to Establish First State-Level Bitcoin Strategic Reserve

Texas Senator Files Bill to Establish First State-Level Bitcoin Strategic Reserve If inked into law, the bill would make Texas the first state in the U.S. to prioritize Bitcoin as a core strategy for economic growth and financial security. Texas Senator Charles Schwertner is proposing Senate Bill 778-a Strategic Bitcoin Reserve-to further digital innovation and economic opportunity in SB 778. By the proposal’s adoption, it would create, for the first time anywhere, an integration by a US state of Bitcoin within that state’s general financial policy framework. In a Twitter-thread-sized post on X, Schwertner declared the purpose of the bill-to place Texas in a leading position regarding the digital economy. “Bitcoin is a valuable digital asset with strategic potential to improve this state’s financial resilience,” the bill reads. It seeks to create, separate and distinct from the general revenue fund, an outside fund wherein Bitcoin shall be kept safe as an asset. Economic Resilience Economic Resilience “The establishment of a Bitcoin reserve further reinforces this state’s position favoring the pursuit of innovation regarding digital assets, ensuring a higher degree of financial security for residents,” Schwertner said. This follows a proposal by Republican state Rep. Giovanni Capriglione in December 2024 to start accumulating a strategic Bitcoin reserve. That bill included accepting taxes, fees and donations in Bitcoin, reflecting the state’s broader interest in blockchain technology and decentralized finance. Greater Bitcoin Adoption Throughout U.S. States Oklahoma: Senator Dusty Deevers introduced the Bitcoin Freedom Act, looking to embed Bitcoin into the state’s economic framework. Ohio: Republican leader Derek Merrin proposed adding Bitcoin to the state treasury as a hedge against economic uncertainty. Pennsylvania: Rep. Mike Cabell advocated allocating up to 10% of the state treasury’s balance sheet to Bitcoin, citing its potential for financial stability. With Texas taking the lead in SB 778, other U.S. states are similarly considering their positions to integrate Bitcoin into their economies : Alex Thorn, the head of Galaxy Digital’s research division, still argued that the U.S. federal government is unlikely to buy any more Bitcoin in 2025 but may work on how to manage existing ones.

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