Texas to Hold Public Hearing on $500M Bitcoin Reserve Bill on April 23

Texas has scheduled a public hearing for April 23, 2025, to discuss a new bill that would establish a strategic Bitcoin reserve. This announcement was made by Crypto Rover on Twitter, generating substantial buzz in the crypto community. If enacted, the bill would authorize the state to purchase up to $500 million worth of Bitcoin each year. Following this news, Bitcoin prices surged, reaching around $85,000 with a 1% increase in value according to CoinMarketCap. However, trading volume for Bitcoin also decreased slightly, dropping 28.81%, down to $13.41 billion in the 24-hour period following this news.