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Texas Joins List of US States with Bitcoin Reserves
1 week ago /
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Author：小编
Texas Governor Greg Abbott has officially inked Senate Bill 21, heralding the creation of a strategic Bitcoin reserve for the Lone Star State. This development positions Texas alongside two other pioneering states that have already embraced state-level Bitcoin reserves. The bill's objective is to leverage Bitcoin as a safeguard against inflation and economic uncertainty, thereby bolstering the state's financial robustness. Pursuant to the bill, the Texas Comptroller of Public Accounts is empowered to acquire, dispose of, maintain, and oversee Bitcoin investments within the reserve. This strategic reserve constitutes a crucial component of the state's financial diversification strategy, designed to shield state assets from economic whims.
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