Texas Takes Big Action! Bitcoin Strategic Reserve Legislation Official Proposal🔥
Texas Republican Representative Giovanni Capriglione has submitted a historic bill aimed at promoting fiscal stability through a Bitcoin reserve and solidifying Texas's leading position in the crypto space:
📜 Bill Highlights
1️⃣ Strategic Bitcoin Reserve: The Texas Treasury will establish a long-term Bitcoin reserve to receive tax revenues, fees, and donations, with Bitcoin being held for at least 5 years.
2️⃣ Anti-Inflation Tool: Investing in Bitcoin to combat inflationary pressures and enhance the state's financial risk resilience.
3️⃣ Dual-Driven Economy and Innovation: Texas will further consolidate its status as a center for Bitcoin innovation and mining, becoming a testing ground for cryptocurrency development in the U.S.
💬 Representative's Statement
Capriglione stated:
"Inflation is our greatest enemy, and Bitcoin is a potential antidote. Establishing a strategic reserve will not only bring fiscal stability but also propel Texas to be a leader in Bitcoin innovation."
🌎 Texas's Advantages
The second-largest economy in the U.S., with abundant funds and resources. A hub for Bitcoin miners, holding a major share of the nation's computing power, it is an important pivot in the global crypto field.
This initiative may trigger other states to follow suit, further advancing the mainstreaming of Bitcoin! What do you think? 👀
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