$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.