【Texas Republican Representative Submits Bill to Establish Bitcoin Strategic Reserve】Golden Finance reports that Texas Republican Representative Giovanni Capriglione has announced a legislative proposal to establish a Bitcoin strategic reserve, which will serve as a testing ground for the U.S. Treasury. The proposed bill will enable the state to begin establishing a strategic Bitcoin reserve, receiving taxes, fees, and donations in Bitcoin, which will be held for at least five years. The bill aims to provide a means to enhance the state's financial stability and make it a leader in Bitcoin innovation. Capriglione stated that the greatest enemy of our investments might be inflation, and creating a strategic Bitcoin reserve and investing in Bitcoin would be a win-win for the state. I have just submitted the bill titled 'Establishing a Bitcoin Reserve within the Texas Treasury and Managing Cryptocurrency by Government Entities.' Texas is not only the second-largest state in the U.S. by economic scale but also the area with the highest concentration of Bitcoin miners in the country.

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