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Strike Gold by Sharing Your TradFi Orders and Pictures!
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Texas lawmakers have reintroduced a bill aimed at establishing a strategic BTC reserve, now designated as SB 21, allowing for investment in additional Crypto Assets. Senator Charles Schwertner announced the bill on February 12, emphasizing that it would make the state the first to establish a Cryptocurrency reserve, potentially fostering innovation and 'financial freedom'. This new legislation builds upon SB 778, an old bill introduced in January of this year, primarily targeting Bitcoin. While SB 778 limited the state government to only purchasing and holding BTC, not using it for other operations, SB 21 expands the scope, allowing for investment in Crypto Assets maintaining at least a $500 billion market capitalization throughout the year. However, currently, Bitcoin is the only Cryptocurrency meeting this criteria.