Crypto reserve proposed at Texas Legislature

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Crypto reserve proposed at Texas Legislature

Texas lawmakers discussed creating a new reserve called the Texas Strategic Bitcoin Reserve.

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Texas Senate Committee Mulls Measure Establishing Strategic Bitcoin Reserve

Senators on the Business and Commerce Committee heard testimony from Comptroller Glenn Hegar, nonprofits, and industry specialists regarding the proposal. The post Texas Senate Committee Mulls Measure Establishing Strategic Bitcoin Reserve appeared first on Texas Scorecard.

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Texas senators float creating state reserve of Bitcoin

Texas could become one of the first states in the nation to maintain a reserve of Bitcoin and other cryptocurrencies under new priority legislation before a Tex

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Bitcoin miner Riot tells Texas Congress state Bitcoin reserve needed to ‘prepare for future downturns’

Riot Platforms’ VP of Research, Pierre Rochard, yesterday testified before the Texas Senate Committee on Business and Commerce in support of Senate Bill 21, which would establish a state Bitcoin reserve. His testimony on Feb. 18 detailed the proposal’s role in strengthening state finances amid...

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The Utah Senate Committee on Revenue and Taxation will consider a bill to create a strategic reserve in the first cryptocurrency (SBR). This will become possible after its adoption by the state House of Representatives. In the latter, the document, called H.B. 230, received eight votes, one of the legislators...

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Texas Senate Considers Bill to Invest State Funds in Crypto – Texas Herald News – Texas News, covers news and events in Houston, Austin, West Texas

The Texas Senate Business and Commerce Committee reviewed a bill Tuesday that could allow the state to invest in Bitcoin through a new reserve fund. Senate Bill 21, introduced by Sen. Charles Schwertner of Georgetown, proposes the creation of a state-held cryptocurrency reserve limited to assets with a market capitalization exceeding $500 billion—currently only met by Bitcoin. “We can buy land, we can buy gold; I think the state of Texas should …