【Texas Republican Representative Proposes Bill to Establish Bitcoin Strategic Reserve】Golden Finance reports that Texas Republican Representative Giovanni Capriglione announced the introduction of legislation to create a Bitcoin strategic reserve, which will serve as a testing ground for the U.S. Department of the Treasury. The proposed bill would allow the state to begin establishing a strategic Bitcoin reserve, receiving taxes, fees, and donations in Bitcoin, which would be held for at least five years. The bill aims to provide a way to strengthen national fiscal stability and position the state as a leader in Bitcoin innovation. Capriglione stated that the greatest enemy of our investments may 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 size but also the region with the highest concentration of Bitcoin miners in the country.

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