Texas State Rep Files For Strategic Bitcoin Reserve

Texas State Rep Files For Strategic Bitcoin Reserve

Today, Texas State Representative Giovanni Capriglione The official filing for the a Strategic Bitcoin Reserve Bill for the State of Texas during a 𝕏 spaces with Dennis Porter You can also find out more about the following: Satoshi Action FundThe a Bitcoin Working with political leaders on pro-Bitcoin legislation.

To This bill will effectively:

  • See Texas Buy and keep bitcoins as an asset of strategic reserve.
  • Securely Keep the BTC cold for at least 5 years.
  • Allow Texas Donate bitcoins to reserve by residents
  • Ensure Transparency through annual audits and reports.
  • Allow State agencies accept cryptocurrency and convert it to bitcoin.
  • Establish Rules for donations, security and management.

“This Act The law will take effect immediately when it is approved by a majority of 12 members of each chamber, or 13 as provided for in the Constitution. Section 39, Article III, Texas Constitution,” the legislation states. “If This is what you should do: Act If the 14th Amendment does not get the votes necessary to take immediate effect, then this Act 15 takes effect September 1, 2025.”

This Another step in the direction of America embracing BitcoinFuelled by President-elect Donald Trump The following are some examples of how to get started: Senator Cynthia Lummis’ lead by introducing a Strategic Bitcoin Reserve Bill for the United States When is the best time to buy? The The hype surrounding the implementation of a Strategic Bitcoin Reserve The snowball effect has led to other countries and states introducing legislation for them as well. Other states like Pennsylvania Other countries include Russia The following are some examples of how to get started: Brazil There are many who have introduced bills to a Strategic Bitcoin Reserve.

“Chairman Capriglione It is not. Chair You can also check out the Texas Pensions, InvestmentsThen, Financial Services Committee so this bill has legs!” commented Lee Bratcher, President You can also check out the Texas Blockchain Council. “No taxpayer funds will be spent on the bitcoin.”

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