A Texas lawmaker has introduced a bill that would limit how much local and state authorities can invest in cryptocurrencies as reserve assets. Proposed by Representative Ron Reynolds, the bill aims to restrict the state’s Economic Stabilization Fund, also known as the “rainy day” fund, to a maximum investment of $250 million in Bitcoin and ...
Texas Senator Charles Schwertner has introduced a new Bitcoin reserve bill, SB 21, which removes the previous annual purchasing limit of $500 million. This allows Texas to make much larger investments in Bitcoin and other cryptocurrencies that meet certain Market value criteria. The bill shifts from simply holding Bitcoin as an asset to actively trading ...
Texas legislators are taking a significant step in reshaping the financial landscape by proposing bills to create a state-backed digital currency redeemable in gold and silver. Introduced by State Representative Mark Dorazio, these bills—House Bill 1049 and House Bill 1056—aim to offer Texans a stable monetary alternative to the traditional federal currency. This digital currency ...
