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Texas is now the 8th largest economy in the world. Itâs bitcoin reserve and strategic investment Act, known as the SB21, has not only allowed the state to invest in bitcoin, but has catapulted the state into a future worth called âpromisingâ.
The bill has ben passed the third and final time and is headed to the Governor for signing or implementing. This will not only give full control of the reserve, but will also grant them the right to tag âbitcoinâ as an official state reserve..
Texasâ strategic bitcoin reserve bill has passed Itâs second reading in the state house advancing efforts to allow the state to hold Bitcoin $BTC
in its treasury.
The whole point of the bill is to authorize comptrollers to manage bitcoin holdings as a hedge against inflation and financial instability.
At the end of the day, this is one step forward for the future of Bitcoin and digital currency as a future reserve for the state.
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