Texas senator proposes a bill to establish the nation's first state-level Bitcoin strategic reserve
ChainCatcher News, U.S. Senator Charles Schwertner has introduced Senate Bill 778 (SB 778), which, if passed, would make Texas the first state in the U.S. to establish a strategic Bitcoin reserve.
Schwertner emphasized that Texas should take the lead in adopting Bitcoin. This proposal could allow the state to collect taxes, fees, and donations in the form of Bitcoin. Texas is the second-largest economy in the U.S. and the region with the highest concentration of Bitcoin miners in the country.
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