⏳ TEXAS ABOUT TO DECIDE ON RESERVE $BTC
Texas 🏛️ is at a crucial moment for the possible adoption of Bitcoin (BTC) as part of its financial strategy. The SB 21 Bill, which would allow the state to acquire, hold and manage #bitcoin as a strategic reserve to protect against inflation and strengthen its economic independence, will have its second reading in the House of Representatives this Tuesday, May 20.
Dennis Porter 🗣️ from the Action Fund of #Satoshi has alerted about the urgency of this stage, as the Texas legislature is set to close its current session on June 2. There is concern that the bill may expire if it is not approved before this date, which would force it to be reintroduced in the next legislature.
Despite the narrow time window ⏳, there is optimism about the approval of the law. The bill has already passed the state Senate with a vote of 25-5 ✅ and the House committee with 9 votes in favor and 4 against 👍. If it is finally approved and signed by Governor Greg Abbott before the end of May ✍️, Texas would become the third U.S. state to establish a formal reserve of #BTC , following in the footsteps of New Hampshire and Arizona 🥉.
Proponents of the initiative see this as a historic opportunity for Texas to lead the institutional adoption of Bitcoin in the United States 🚀. Tuesday's reading will be a decisive step in determining whether this vision becomes a reality.
#BinanceAlphaAlert #MyEOSTrade
Do you think Texas will manage to pass this law on time? 🤔 What implications would it have for the state and for the adoption of Bitcoin in general?
