Texas State Senator Charles Schwertner has just introduced Bill SB 778 to establish a Strategic Bitcoin Reserve, making Texas the first state in the U.S. to own Bitcoin as a financial asset. The bill allows:
A separate fund to own Bitcoin and accept donations from the public.
Secure storage, applying cold storage technology and regular audits.
Congress may allocate 1% of general revenue to purchase Bitcoin.
Bitcoin is seen as a hedge against inflation and a driver of the digital economy. States like Oklahoma, Pennsylvania, and North Dakota are also proposing similar initiatives. If passed, SB 778 will position Texas as a leader in integrating cryptocurrency into public finance.
Texas is demonstrating a leading role in adopting new technologies to strengthen economic and financial power, which could set the stage for significant changes in financial policy in the U.S.
#bitcoin #BTC #Texas
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