【Texas Republican Representative Introduces Bill to Establish Bitcoin Strategic Reserves】Golden Finance reports that Texas Republican Representative Giovanni Capriglione announced the introduction of legislation to establish a Bitcoin strategic reserve, which will serve as a testing ground for the U.S. Treasury. The proposed bill would allow the state to begin establishing strategic Bitcoin reserves, receiving taxes, fees, and donations in Bitcoin, which would be held for at least five years. The bill aims to provide a pathway to enhance national fiscal stability and position it as a leader in Bitcoin innovation. Capriglione stated that the greatest enemy of our investments may be inflation, and creating a strategic Bitcoin reserve to invest in Bitcoin would be a win-win for the nation. I just submitted the bill titled “Establishing a Bitcoin Reserve within the Texas Treasury and Management of Cryptocurrency by Government Entities.” Texas is not only the second-largest state in the U.S. by economic size but also the region with the highest concentration of Bitcoin miners in the country.

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