TEXAS IS GOING BIG ON CRYPTO with a bill nearing passage in the Legislature to create the framework for a state strategic Bitcoin reserve. The measure, approved by the House Wednesday, would create a special crypto fund where the Legislature could direct money.
- Cryptocurrency advocates view the proposed reserve in the state—which has the second-largest economy in the country—as their biggest potential win as they push similar measures in roughly two dozen states.
- The Texas bill awaits a final agreement with the Senate on amendments, including one that would allow for donations to the reserve. Gov Greg Abbott’s (R) press ...