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Amid ongoing speculation about the US Strategic Bitcoin Reserve, several US states are looking to take matters into their own hands.
“It is time for Texas to lead the way in establishing a strategic bitcoin reserve,” Texas Senator Charles Schwertner wrote on Wednesday. mail.
The Republican lawmaker's proposal describes bitcoin as a valuable digital asset "with strategic potential to enhance this state's financial resilience." Its decentralized nature and limited supply are “unique qualities that can serve as a hedge against inflation and economic fluctuations.”
The bill appears to be similar to what happened in the Texas House an offer From MP Giovanni Capriglione last month.
The reserve will be a “special fund” outside the general revenue fund of the state treasury. The Controller will be responsible for establishing a secure hold of BTC (i.e. via cold storage) and may contract with a US-based third party for assistance.
The Texas Legislature can — by a two-thirds majority in each chamber — direct the comptroller to transfer, sell, or transfer reserve bitcoin. It then deposits the proceeds into another state treasury fund or account.
Meanwhile, Representative from Oklahoma (Cody Maynard) foot A bill that would allow the state treasurer to invest public funds in Bitcoin, stablecoins, or any other digital assets with an average market capitalization of more than $500 billion during the previous calendar year.
Funds used for such purchases could come from state general funds, revenue stabilization funds and/or constitutional reserve funds. The amount you invest in BTC cannot exceed 10% of the overall funds in the account.
These proposals follow similar proposals before Pennsylvania, New HampshireNorth Dakota and other states.
Whereas fate Cynthia Loomis The national Bitcoin reserve plan remains unclear, to say the least Trump promised To preserve the BTC that the government already owns.
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