During the first two months of the year, the United States has embraced digital assets as never before. With the arrival of Pro-Crypto President Donald Trump, the country has tried to integrate the asset class in many ways. These efforts continued in Texas, where they introduced a new Bitcoin Reserve bill of $ 250 million, HB 4528.
The legislation is the second crypto proposal introduced by the state. It actually represents an attempt to make the state one of the most crypt -friendly in the entire nation. In addition, it should thrive from increased interest, despite the ongoing market decline that has taken place in recent weeks.
Texas introduces 2nd crypto reserve suggestions in great step forward
At the end of January And Patrick Introduced plans for a bitcoin reserve in the state. It actually took a remarkable step forward, where the state’s Senate passed Bill SB21 in an important feature for the legislation. Now the southern state doubles its cryptocurrency embrace.
Specifically, Texas has introduced a new bill to allow the state to buy bitcoin and other cryptocorate of $ 250 million. In accordance with a document released on Tuesday, the proposed HB 4258 appears to be distributed capital from its economic stabilization fund. In addition, it would go against BTC and other rcryptocurrencies.
Also read: Texas Strategic Bitcoin Reserve Bill SB21 passes in State Senate
Dan Patrick recently noted that measures respond to the Trump administration. He noted the president’s interest in making “US Cryptocurrency capital.” He also noted that the administration “has paved the way for fast American innovation, and Texas leads the way.”
