Texas Bitcoin Reserve Bill Nears Final Approval

The Texas Strategic Bitcoin Reserve Bill, spearheaded by Senator Charles Schwertner and Representative Giovanni Capriglione, is poised for final approval in the state legislature. This legislation would establish a state Bitcoin reserve, backed by legislative appropriations and investment returns, potentially bolstering Texas’s position as a leader in crypto adoption. Key features of the bill include eligibility requirements based on market cap and a commitment to cold storage security. The bill could inspire other states to follow suit, creating a ripple effect across the nation.