Republican

Create

Bitcoin

Reserve

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/texas-introduces-legislation-to-create-state-bitcoin-reserve/" data-wpel-link="internal">Texas Introduces Legislation to Create State Bitcoin Reserve</a> 
Bitcoin (BTC) price recently surpassed $102,500, driven by positive news surrounding the <a href="https://en.coin-turk.com/recent-trends-in-bitcoin-and-altcoin-markets/" data-wpel-link="internal">cryptocurrency</a>. Today’s comments from Trump and yesterday’s inflation data have created a favorable environment for market growth. Additionally, promising news has emerged from Texas. 
<h2 style="text-align: justify" id="u-s-bitcoin-treasury-proposal">U.S. Bitcoin Treasury Proposal</h2> 
Months ago, Senator Lummis suggested that the government should accumulate BTC, proposing a goal of collecting 1 million Bitcoins over five years. Lummis, who is drafting a bill for Bitcoin, has gained support from President Donald Trump. Furthermore, Republican State Representative Giovanni Capriglione presented a bill today in the Texas House of Representatives that enables cryptocurrency accumulation. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-414209 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/12/teksas-bitcoin-yasa-tasarisi.jpg" alt="" width="786" height="295"> 
Capriglione stated that the proposal aims to strengthen the state’s financial stability, adding: 
<blockquote> 
 “Probably the biggest enemy of our investments is inflation. A strategic Bitcoin reserve, investing in Bitcoin, would be a win-win for the state. I just submitted the bill titled ‘Establishing a Bitcoin Reserve within the Texas State Treasury and Regulation of Cryptocurrencies by State Agencies.’ My goal is to make this bill as comprehensive and extensive as possible.” 
</blockquote> 
According to this proposal, taxes, fees, and donations will be accepted in BTC for at least five years, allowing the state to build a significant Bitcoin reserve. 
The post <a href="https://en.coin-turk.com/texas-introduces-legislation-to-create-state-bitcoin-reserve/" data-wpel-link="internal">Texas Introduces Legislation to Create State Bitcoin Reserve</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Texas Introduces Legislation to Create State Bitcoin Reserve

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