Texas

Texas State Senator Charles Schwertner has just introduced Bill SB 778 to establish a Strategic Bitcoin Reserve, making Texas the first state in the U.S. to own Bitcoin as a financial asset. The bill allows:
A separate fund to own Bitcoin and accept donations from the public.

Secure storage, applying cold storage technology and regular audits.

Congress may allocate 1% of general revenue to purchase Bitcoin.

North Dakota joins the wave of Bitcoin reserves
The state of North Dakota just announced a new resolution aimed at diversifying public financial sources by investing in digital assets and precious metals. This is the latest move by states in the U.S. to use Bitcoin to combat inflation and strengthen financial power.
Resolution 3001: Diversifying investment sources

This resolution was proposed by a group of lawmakers, including:

In an exciting development in the world of digital currencies, Bitcoin has witnessed a remarkable surge in recent weeks, rising by 50% since Donald Trump's victory in the U.S. presidential elections. Meanwhile, Trump has expressed significant plans to engage with the world of digital currencies, stating, "We are going to do something great with crypto!"
Amid these new developments, U.S. Senator Cynthia Lummis remarked that "America must win the Bitcoin race," highlighting the importance of modern financial technology. According to some analysts, such as Tom Lee from FundStrat, Bitcoin is expected to reach $250,000 by 2025.
In another significant move, Giovanni Capriglione, a Texas state representative, introduced a bill to establish a strategic Bitcoin reserve for the state. This initiative comes at a crucial time with increasing interest from institutions and government entities in digital currencies.
On another front, Abu Dhabi saw great success with the first-ever Bitcoin conference, attended by representatives from 90 countries, with 8,000 in-person attendees and more than 1.5 million livestream views.
BlackRock, one of the world's largest asset managers, confirmed that Bitcoin, with a market capitalization of $2 trillion, presents a similar risk profile to major tech stocks like Apple, Amazon, and Tesla. They suggested that allocating 2% to 3% of one's wealth to Bitcoin could be a reasonable strategy.
The news continues with Eric Trump’s statement, where he described his father, the elected president, as the "crypto president" and stated that the U.S. would become the "global crypto capital," with Bitcoin potentially reaching $1 million in the near future.
In another development, Australia's largest pension funds purchased $27 million worth of Bitcoin, becoming the country's first major pension fund to adopt the digital currency.

Sources:
Bloomberg
FundStrat
Australian Financial Review
BlackRock
Eric Trump
#Bitcoin #DigitalCurrencies #CryptoInvestment #Trump #Texas

In a groundbreaking move, Texas has officially become the first state in the United States to establish a **Bitcoin Reserve**! 🎉 This historic decision marks a significant step forward in the adoption of cryptocurrency and solidifies Texas as a leader in the digital asset revolution. 💪

### What Does This Mean? 🤔
By creating a Bitcoin Reserve, Texas is not only embracing the future of finance but also positioning itself as a hub for innovation and technological advancement. This move could pave the way for other states to follow suit, further legitimizing Bitcoin and other cryptocurrencies as a store of value and a viable asset class. 💼

### Why Texas? 🌵
Texas has long been known for its pro-crypto stance, with a business-friendly environment and a growing number of Bitcoin miners taking advantage of the state's abundant energy resources. This decision to establish a Bitcoin Reserve is a natural extension of Texas' commitment to fostering innovation and economic growth. 🚀

### The Bigger Picture 🌍
This development is a clear signal that the adoption of Bitcoin and other cryptocurrencies is gaining momentum at the institutional level. As more governments and organizations recognize the potential of digital assets, we can expect to see even greater integration of crypto into the global financial system. 🌐

### What’s Next? 🔮
With Texas leading the charge, the question now is: **Which state will be next?** Will we see a domino effect as other states and even countries consider establishing their own Bitcoin Reserves? Only time will tell, but one thing is certain—the future of finance is being reshaped before our eyes. ⏳

### Join the Conversation! 💬
What are your thoughts on Texas' decision to establish a Bitcoin Reserve? Do you think this will accelerate the adoption of Bitcoin globally? Share your opinions and let’s discuss the future of crypto! 🚀

*Stay tuned for more updates on this developing story and other breaking news in the world of crypto!* 🌟

#Bitcoin #Texas #BitcoinReserve #Innovation #BinanceSquare

$BTC
$BNB
$SOL

Ohio is becoming the focal point of attention in the cryptocurrency community with Representative Derek Merrin introducing Bill 703 – also known as the Ohio Bitcoin Reserve Act. This bill proposes establishing a fund $BTC in the state treasury while empowering the state treasurer to independently decide on Bitcoin investments.

Bitcoin: Protecting Public Assets Against Inflation

According to Representative Derek Merrin, the USD is rapidly depreciating, causing public assets to lose value. Bitcoin is seen as a potential solution to protect this capital. He stated on platform X (formerly Twitter):

A Bitcoin investor in Texas was ordered by a federal court to surrender the private key unlocking approximately $124 million worth of cryptocurrency. This unprecedented move marks a strong effort by the U.S. government to address tax evasion related to digital assets.

Case Details

Following an order from Judge Robert Pitman, Richard Ahlgren III (nicknamed 'Paco') must provide all private keys and a list of crypto storage devices, such as hardware wallets. Additionally, Ahlgren and associates are prohibited from transferring or concealing digital assets without court approval.

Ward Roddam noted the multi-billion dollar investment in the region, the amount of taxes in local budgets and hundreds of new jobs - all these are the benefits of mining farms.
In addition, miners are actively involved in charity.
#america #texas #mining #newsdaily #newscrypto

As Bitcoin increasingly becomes an important part of the global financial system, its impact on the U.S. economy is becoming clearer. A new report from the Perryman Group shows that the Bitcoin mining industry in the U.S. is contributing over $4 billion in economic value each year, creating 31,000 jobs nationwide. This affirms that crypto is not just an investment asset but also an industry that has a real impact on the economy.