The post Texas Moves Closer to Building a Strategic Bitcoin Reserve appeared first on Coinpedia Fintech News
The Texas House of Representatives has approved the Strategic Bitcoin Reserve Bill (SB 21) on its second reading, bringing the state closer to officially investing in Bitcoin. The bill aims to create the “Texas Strategic Bitcoin Reserve,” allowing Texas to include Bitcoin in its financial portfolio. With the Senate’s support secured, the proposal now awaits the governor’s final approval. As the world’s 8th largest economy, Texas is poised to enter the crypto space in a big way.