ChainCatcher news, Texas Senator Charles Schwertner has resubmitted the state's strategic #Bitcoin Reserve Bill, allowing it to invest in Bitcoin or cryptocurrencies with a market capitalization of at least $500 billion, with no purchase limit.Texas Lieutenant Governor Dan Patrick previously announced that the state's strategic Bitcoin Reserve Bill will be one of the top 40 priority bills in the 2025 Senate.

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.