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From Bullion to Bitcoin: Crypto Reserve Is Latest Fiscal Folly in Texas

Summary by The Texas Observer

Republicans want to stamp the State of Texas’ seal on Bitcoin by creating a “strategic reserve” that could use taxpayer dollars to purchase cryptocurrency. This latest of pet issues advanced by the crypto crew has somehow won priority status on Lieutenant Governor Dan Patrick’s biennial honey-do list. Governor Greg Abbott even suggested interest, posting an emoji on X expressing ocular intrigue as the Senate bill was filed in early February. T…

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The Texas Observer

From Bullion to Bitcoin: Crypto Reserve Is Latest Fiscal Folly in Texas

4 days ago

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cryptotale.org

Arizona Moves Closer to Approving Bitcoin Reserve Bill

Arizona Senate advances Bitcoin reserve bill, moving closer to final approval in the House. SB 1373 proposes a Digital Assets Reserve Fund with a 10% annual investment cap for crypto. The country now ranks second in the state Bitcoin reserve race, following closely behind Utah. Arizona has moved one step closer to approving a Bitcoin reserve bill, pushing it ahead of other states in the race. The Arizona Senate has passed the Strategic Digital A…

3 days ago

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Digital Market News

Arizona Senate Moves Forward With Bills For State-Managed Bitcoin Reserves

The Arizona Senate has made a significant move towards modernizing state finance by advancing two crypto reserve bills on February 27, which could pave the way for state-managed digital asset funds. Lawmakers believe that establishing a dedicated crypto reserve will prepare Arizona for an upcoming federal regulatory framework and enable the state to leverage emerging financial technologies to protect public funds in an unpredictable economic env…

3 days ago

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