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Bitcoin
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$101,256.00 0.38114
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Ethereum
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$2,248.56 2.2569
Ethereum price
BNB
BNB (BNB)
$617.19 -0.13804
BNB price
Solana
Solana (SOL)
$133.83 3.68428
Solana price
XRP
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$2.00 1.6608
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000108 3.8434
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Pepe
Pepe (PEPE)
$0.0000089 3.65621
Pepe price
Bonk
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$0.0000124 3.56522
Bonk price
dogwifhat
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$0.694754 5.67213
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Popcat
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$0.260803 7.2421
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Bitcoin
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$101,256.00 0.38114
Bitcoin price
Ethereum
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$2,248.56 2.2569
Ethereum price
BNB
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$617.19 -0.13804
BNB price
Solana
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$133.83 3.68428
Solana price
XRP
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$2.00 1.6608
XRP price
Shiba Inu
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$0.0000108 3.8434
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Pepe
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$0.0000089 3.65621
Pepe price
Bonk
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$0.0000124 3.56522
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dogwifhat
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$0.694754 5.67213
dogwifhat price
Popcat
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$0.260803 7.2421
Popcat price
Bitcoin
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$101,256.00 0.38114
Bitcoin price
Ethereum
Ethereum (ETH)
$2,248.56 2.2569
Ethereum price
BNB
BNB (BNB)
$617.19 -0.13804
BNB price
Solana
Solana (SOL)
$133.83 3.68428
Solana price
XRP
XRP (XRP)
$2.00 1.6608
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000108 3.8434
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000089 3.65621
Pepe price
Bonk
Bonk (BONK)
$0.0000124 3.56522
Bonk price
dogwifhat
dogwifhat (WIF)
$0.694754 5.67213
dogwifhat price
Popcat
Popcat (POPCAT)
$0.260803 7.2421
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.