Texas leaders want to cement the state’s crypto-friendly status through a measure that would encourage the state to invest in Bitcoin by creating a new strategic reserve.
A legislative panel Tuesday debated a bill (S.B. 21) that would create a special state fund to invest in cryptocurrency and accept crypto donations. Texas Comptroller Glenn Hegar (R) backs the proposal, calling it a measured approach to “managing a potentially volatile asset” at the hearing.
The Lone Star State is one of nearly two dozen that are vying to be the first to establish a strategic Bitcoin reserve, mirroring efforts ...