⚡️Texas Senate Passes Bitcoin Reserve Bill, Plans to Hold $500 Billion in Cryptocurrency——
1) Texas Creates First State-Level Cryptocurrency Fund:
The Texas Senate has passed SB 21, establishing the "Texas Bitcoin Reserve," which will be the first state-operated cryptocurrency fund in U.S. history. The fund will hold Bitcoin (BTC) and other top cryptocurrencies with a market capitalization exceeding $500 billion.
2) In Line with National Policy and Trump's Vision:
Texas Lieutenant Governor Dan Patrick stated that this initiative aligns with President Trump's vision of making the U.S. a global leader in cryptocurrency. Texas is advancing cryptocurrency policy development at the national level through this action.
3) Management and Development:
A newly established advisory committee will be responsible for overseeing the growth and management of the reserve fund. The establishment of the fund is seen as a reflection of Texas's leadership position in the digital economy and may inspire other states to follow suit, potentially making Texas the center of cryptocurrency in the U.S.
Lieutenant Governor Dan Patrick called this initiative a precedent for other states, stating, "Creating the Texas Bitcoin Reserve is a bold move, and I hope Texas becomes the digital center of the future for the U.S."
This event feels like the birth of Bitcoin capital in America, bold and pioneering, and may set an example for other states. #BTC $BTC
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