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BREAKING:

TEXAS BITCOIN RESERVE BILL SB21 CLEARS HOUSE COMMITTEE, HEADS TO FINAL FLOOR VOTE

THEY PLAN TO BUY $500 MILLION BTC EVERY YEAR
$BTC

The Texas House Committee on Delivery of Government Efficiency has passed Senate Bill 21 (SB21) with a 9-4 vote, sending it to the full House for a final floor vote. If enacted, the bill would establish the Texas Strategic Bitcoin Reserve, empowering the state to invest up to $500 million annually in Bitcoin. The reserve would be managed by the Texas Comptroller and would focus solely on digital assets with a market capitalization of at least $500 billion, currently limited to Bitcoin. Texas Policy Research+6Cointelegraph+6AInvest+6

This legislative move positions Texas as a significant institutional player in the cryptocurrency space, potentially influencing both market dynamics and policy discussions nationwide.Blockchain News

As of the latest data, Bitcoin is trading at approximately $99,260, reflecting a 2.57% increase from the previous close.

The passage of SB21 could further bolster Bitcoin's institutional adoption, potentially driving increased demand and impacting price trends across the broader cryptocurrency market.Blockchain News