$BTC Astonishing! Is the US hoarding cryptocurrency? Texas aims to establish a Bitcoin treasury, capturing global attention!
Texas is pushing an unprecedented bill - using Bitcoin as a financial reserve! Proposal SB 21 has just passed a critical vote and is now racing towards final review in the House. If successful, Texas will officially establish a Bitcoin reserve.
This bill, introduced by state legislator Schwertner, initially focused solely on Bitcoin but has now expanded to include all cryptocurrencies with a market cap over $500 billion (currently only BTC qualifies). The reserves will be overseen by the state auditor, which is of great significance.
Texas is not alone. Arizona and New Hampshire have already taken action, establishing independent crypto funds, and even attempting to make money work for them through staking and airdrops. Sweden is also brewing a national Bitcoin reserve, while Florida has suddenly withdrawn related proposals, showing extra caution.
As the final vote on the bill approaches, the market holds its breath. If Texas succeeds, it will not just be the 'Lone Star State,' but the 'Bitcoin heart' of the United States
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