๐ฃ๐ฃ In February 2025, Senator Charles Schwertner introduced a bill in the Texas State Senate known as the "Bitcoin Strategic Reserve" (SB 21). This bill aims to enable the state to purchase and hold Bitcoin as a reserve asset, in addition to accepting donations in Bitcoin from individuals and businesses. The Texas State Comptroller's Office oversees this reserve to ensure the secure custody and proper management of digital assets. ๐จ๐
๐ฒ๐ฒ This move comes amid increasing interest from U.S. states in digital currencies, as Texas seeks to enhance its position as a leading center for adopting financial and technological innovations. However, the bill has sparked controversy among supporters who see it as a step toward financial stability, and opponents who warn of the potential risks of investing public funds in volatile digital assets. ๐ต
๐ฒIt is worth noting that other U.S. states, such as Utah, are considering similar proposals to create Bitcoin reserves, reflecting a growing trend toward integrating digital assets into governmental financial strategies. ๐ต๐ฒ
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