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The Texas Legislature is currently deliberating on a proposal to create a Strategic Bitcoin Reserve, aiming to position the state at the forefront of cryptocurrency adoption and financial innovation. State Senator Charles Schwertner has introduced Senate Bill 21 (SB 21), which seeks to authorize the state to invest in Bitcoin as a hedge against inflation and economic volatility.
SB 21 proposes the establishment of the Texas Strategic Bitcoin Reserve, granting the state comptroller the authority to invest state funds in Bitcoin and other select cryptocurrencies. The bill outlines the creation. . .
