Name
Texas Senate passes Bitcoin strategic reserve bill
Description
The Texas Senate approved SB-21, a bill to establish a Bitcoin strategic reserve, in a 25-5 vote. Introduced by Senator Charles Schwertner, the bill aims to shore up Texas’ balance sheet with Bitcoin, positioning it as a scarce and valuable asset.
Publish date
12:00pm, Thursday, March 6, 2025
Referenced by
We don’t have stacks of dollar bills and safes like we did in medieval times. What we have is digital currency
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Texas approves Strategic Bitcoin Reserve and Investment Act
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Pro-Bitcoin lawmakers also assuaged fears that Bitcoin was a direct competitor to the US dollar as a global reserve currency, adding that BTC was more similar to gold and a hedge against inflation
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