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Bitcoin
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Ethereum
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$4,466.97 -5.07236
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BNB
BNB (BNB)
$1,305.37 -0.55436
BNB price
Solana
Solana (SOL)
$220.01 -3.45099
Solana price
XRP
XRP (XRP)
$2.87 -2.93664
XRP price
Shiba Inu
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$0.0000121 -3.95565
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Pepe
Pepe (PEPE)
$0.0000093 -6.11223
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Bonk
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dogwifhat
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Popcat
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$0.22911 -4.99959
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Bitcoin
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$122,260.00 -1.12692
Bitcoin price
Ethereum
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$4,466.97 -5.07236
Ethereum price
BNB
BNB (BNB)
$1,305.37 -0.55436
BNB price
Solana
Solana (SOL)
$220.01 -3.45099
Solana price
XRP
XRP (XRP)
$2.87 -2.93664
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000121 -3.95565
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000093 -6.11223
Pepe price
Bonk
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$0.0000198 -3.9438
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dogwifhat
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$0.728985 -6.5674
dogwifhat price
Popcat
Popcat (POPCAT)
$0.22911 -4.99959
Popcat price
Bitcoin
Bitcoin (BTC)
$122,260.00 -1.12692
Bitcoin price
Ethereum
Ethereum (ETH)
$4,466.97 -5.07236
Ethereum price
BNB
BNB (BNB)
$1,305.37 -0.55436
BNB price
Solana
Solana (SOL)
$220.01 -3.45099
Solana price
XRP
XRP (XRP)
$2.87 -2.93664
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000121 -3.95565
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000093 -6.11223
Pepe price
Bonk
Bonk (BONK)
$0.0000198 -3.9438
Bonk price
dogwifhat
dogwifhat (WIF)
$0.728985 -6.5674
dogwifhat price
Popcat
Popcat (POPCAT)
$0.22911 -4.99959
Popcat price

Texas Senate to consider Bitcoin reserve law

Jayson Derrick
Edited by
News
Texas Senate to consider Bitcoin reserve law

Texas policymakers have roughly $24 billion in sovereign wealth as the State’s Senate weighed passing Bitcoin reserve legislation.

The Texas Senate Committee on Business and Commerce unanimously supported a bill to invest state surplus dollars into Bitcoin (BTC) as governments mulled crypto reserve adoption.

Republican Charls Schwertner, chair of the Committee, scored a landslide 10-0 vote for his proposal titled the Texas Strategic Bitcoin Reserve and Investment Act.

The State’s Senate will now consider Schwertner’s following overwhelming bipartisan backing. “Today’s vote was a critical first step in making a strategic investment in Texas’ financial future,” chair Schwertner said in a statement. Lawmakers could invest from the state’s $24 billion cash reserve, if approved by the Senate.

Over 20 U.S. states raced to pass BTC reserve laws, funneling taxpayer dollars to the largest cryptocurrency market cap. White Montana’s BTC reserve bill failed to clear a House vote, Arizona, Oklahoma, and Utah inched closer to passing laws.

States see BTC as a way to diversify their sovereign portfolios. President Donald Trump’s return, as the first Bitcoin president, and crypto’s mammoth spending during the general elections, no doubt helped push the needle on state-level adoption.