CryptoGlobe
2024-12-13 14:40:12

Bitcoin in State Treasury? Texas Representative Proposes Strategic Reserve

House Bill 1598, introduced by Texas Representative Giovanni Capriglione on Dec. 12, outlines a plan to establish a Bitcoin reserve within the state treasury. The bill, titled the Texas Strategic Bitcoin Reserve Act, details the state comptroller’s responsibilities for managing Bitcoin as a financial asset, including provisions for secure storage and a long-term holding strategy.

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