#GasFeeImpact

In Texas, Lieutenant Governor Dan Patrick has proposed the creation of a Strategic Bitcoin Reserve using public funds. This initiative aims to capitalize on Bitcoin's appreciation and hedge against potential devaluation of the U.S. dollar. However, experts and the State Comptroller have expressed concerns about the financial risks and market manipulation associated with such a fund.

Meanwhile, in Spain, a cryptocurrency manager accused of defrauding clients of €31,000 has been acquitted. The court concluded that the clients were aware of the inherent risks in cryptocurrency investments, and the losses were due to market volatility rather than fraudulent activities.