🔥 Texas Republican Rep. Giovanni Capriglione announced the introduction of a bill in the House of Representatives to create a strategic reserve of $#البيتكوين , to enhance the state’s financial stability.

He explained during an event on Thursday that the proposed bill would enable Texas to begin building a strategic reserve of Bitcoin by accepting taxes, fees, and donations in the cryptocurrency, which would be held for at least five years.

“The biggest enemy of our investments is inflation, so investing in Bitcoin, it would be a win-win for the state,” Capriglione said. “I just introduced a bill that would have a Bitcoin reserve in the Texas Treasury and cryptocurrency management by government entities.”

While Texas is the second-largest economy in the United States and the eighth-largest in the world, the state is experiencing high cryptocurrency mining activity, raising officials’ hopes of receiving tax revenue in Bitcoin.