Texas, the 8th largest economy in the world, has passed the Texas Strategic Bitcoin Reserve and Investment Act, known as SB21, allowing the state to invest in Bitcoin
Texas, the 8th largest economy in the world, has passed the Texas Strategic Bitcoin Reserve and Investment Act, known as SB21, allowing the state to invest in Bitcoin. The bill, which passed its crucial house vote and third reading, is now headed to the Governor’s desk for approval following a final vote held today.
If signed into law, Texas will become the third state to establish a Strategic Bitcoin Reserve, following the footsteps of other states in the U.S. The legislation aims to take thousands of Bitcoin off the market, reflecting a significant move towards integrating cryptocurrency into state financial strategies.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.
