🔥 IMPORTANT MACRO NEWS | Texas – a large state that tends to be friendly to crypto – has just taken another step in legalizing STATE BITCOIN RESERVES. This bill has passed the Senate with its final amendment and is now awaiting the governor's signature to officially become law.
Notable point: if approved, Texas will become one of the first governments in the U.S. to hold Bitcoin as part of its financial reserves, similar to what the country of El Salvador has done. This not only reinforces Bitcoin's position as a 'strategic asset', but also creates a domino effect for other states or even other countries to follow.
Potential impact: increased long-term demand for BTC, reinforcing confidence in the legality and financial backing of crypto within the U.S. political system.
