A Texas state lawmaker introduced a bill on Thursday that seeks to establish a strategic bitcoin reserve. This move aligns with former President Donald Trump's expressed support for investing in bitcoin. The bill aims to position Texas advantageously in the cryptocurrency market by affirming its commitment to bitcoin investment. As digital currencies continue to gain prominence, the proposed reserve is intended to safeguard and potentially boost the state’s financial standing through strategic holdings of bitcoin. Lawmakers believe this could reinforce Texas's position as a hub for innovation and forward-thinking financial strategies.
Source: www.theblockcrypto.com ↗
