Texas Eyes Legislation to Establish State Cryptocurrency Investment Fund

The Epoch Times

Right

Factuality

Ownership

Texas Eyes Legislation to Establish State Cryptocurrency Investment Fund

Texas lawmakers have filed a bill that could make the state the first in the country to establish a government-backed cryptocurrency investment fund. Senate Bill 21, introduced by Republican State Sen. Charles Schwertner, would establish the Texas Strategic Bitcoin Reserve to invest in cryptocurrency. The bill’s language suggested that the state is seeking to protect its finances against future inflation and economic volatility. While introducin…

investincryptonews.com

Factuality

Ownership

Bitcoin miner Riot tells Texas Congress state Bitcoin reserve needed to ‘prepare for future downturns’ - Invest In Crypto News

Riot Platforms’ VP of Research, Pierre Rochard, yesterday testified before the Texas Senate Committee on Business and Commerce in support of Senate Bill 21, which would establish a state Bitcoin reserve. His testimony on Feb. 18 detailed the proposal’s role in strengthening state finances amid economic uncertainty and emphasized Bitcoin’s verifiable ledger and capped supply as key attributes that set it apart from other digital assets. Rochard, …

La Criptomoneda

Factuality

Ownership

The state of Montana has passed a bill that would allow the creation of a special state revenue account for investments in precious metals and digital assets, including Bitcoin (BTC). The bill now moves to the full House for a vote. If passed, it will move to the Senate and then [...] The Montana entry pushes forward with Bitcoin Reserve Bill was first published in The Cryptocurrency.

Bitcoin Ethereum News

Factuality

Ownership

Montana moves closer to allowing Bitcoin investment in state reserves

The post Montana moves closer to allowing Bitcoin investment in state reserves appeared on BitcoinEthereumNews.com. The House Business and Labor Committee in Montana has advanced a bill that seeks to establish a reserve allowing investments in Bitcoin, precious metals, and stablecoins. Introduced by Representative Curtis Schomer, House Bill 429 first landed in the House on Feb. 7 and has now cleared its first major hurdle with a 12-8 committee v…

Cryptopolitan

Factuality

Ownership

Montana becomes the fourth US state to take a Bitcoin reserve bill to House

Montana’s House Business and Labor Committee has passed a bill that could open the door for Bitcoin and other cryptos to become reserve assets after a BTC strategic reserve bill passed the subcommittee level. House Bill No. 429 was passed by the state’s Business and Labor Committee yesterday in a 12-8 vote, making Montana the fourth US state to advance a Bitcoin reserve bill to the House. All Republicans voted in favor of the new Bitcoin bill, w…

criptomania.com

Factuality

Ownership

In an innovative movement that could transform the state's economic landscape, the Texas Legislature has introduced a proposal to set up a cryptocurrency reserve.This initiative seeks to position Texas as a leader in digital finance and set a new course for the concept of public investment.Find out more here.The Texas Legislature Discussing the Future The debate in the Texas Legislature about the creation of a crypto reserve is a reflection of t…