- Texas pushes forward with a Bitcoin reserve bill to enhance state financial strategy.
- Several U.S. states, including Texas, explore Bitcoin as a state asset for economic growth.
- Texas’ Bitcoin reserve could strengthen its economic position in the global market.
A Strategic Bitcoin Reserve bill in Texas was referred to the Senate’s Finance Committee today, signaling a step in the state’s push to hold Bitcoin as a reserve asset. This move comes with growing interest from various U.S. states in establishing Bitcoin reserves and could position Texas at the forefront of integrating digital assets into state financial strategies.
NEW: A Strategic Bitcoin Reserve bill in Texas was referred to the Senate’s Finance Committee today.
Bullish!
pic.twitter.com/O3HEghjRlT
— Bitcoin Magazine (@BitcoinMagazine) February 7, 2025
The proposal, which has already gained traction in Texas’ legislative circles, is part of a broader trend toward exploring how Bitcoin might be used as a store of value and a means to secure economic freedom at the state level.
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