BITWU.ETH
BITWU.ETH|Mar 09, 2025 02:07
⚡ Texas Senate Passes Bitcoin Reserve Act, Intends to Hold $500 Billion in Cryptocurrency—— 1) Texas creates first state-level cryptocurrency fund: The Texas Senate has passed SB 21 bill, establishing the Texas Bitcoin Reserve, which will be the first cryptocurrency fund in US history to be operated by a state government. The fund will hold Bitcoin (BTC) and other top cryptocurrencies with a market value exceeding $500 billion. 2) Consistent with national policies and Trump's vision: Texas Lieutenant Governor Dan Patrick stated that this measure is in line with President Trump's vision, even if the United States becomes a global leader in cryptocurrency. Texas has promoted the development of cryptocurrency policies at the national level through this action. 3) Management and Development: The 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 manifestation of Texas' leadership in the digital economy and may inspire other states to follow suit, or make Texas the center of cryptocurrency in the United States. Lieutenant Governor Dan Patrick said that this measure sets a precedent for other states, "Creating the Texas Bitcoin Reserve is a bold move, and I hope Texas will become the digital center of America's future I feel that this event marks the birth of Bitcoin capital in the United States, bold and groundbreaking, and may set an example for other states. BTC BTC
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