Texas Legislature Advances $500 Million Strategic Bitcoin Reserve Bill with House Hearing Ahead in Eighth-Largest Economy

The Texas legislature is advancing a bill to establish a $500 million strategic Bitcoin reserve. The bill is scheduled for a hearing and discussion in the Texas House, with preparations underway for a floor vote. Texas, the eighth-largest economy globally, is positioning itself to become a significant player in cryptocurrency reserves. This development follows recent legislative activity in the state, including the Texas Senate’s approval of nearly $500 million for a priority film incentive program. The Bitcoin reserve bill reflects Texas’s growing interest in integrating digital assets into its economic strategy. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant