Price Prediction

Texas Prioritizing Bitcoin Reserve for This Year

Texas Lieutenant Governor Dan Patrick has listed the creation of a state-level Bitcoin reserve among the top legislative priorities for the current year. 

Earlier today, Axios reported that the Lone Star State, which boasts a GDP of $2.4 trillion, could also allow Texas to make Bitcoin donations. 

Texas is, of course, known as a major Bitcoin mining hub with plenty of industrial-scale operations.  

Other states are also mulling over establishing their own Bitcoin treasuries. They include Florida, Ohio, North Dakota, and Wyoming. 

Related

Texas Bank to Add Bitcoin Salary Payments in Employee Savings Program

Meanwhile, Senator Cynthia Lummis of Wyoming has announced that public hearings on the implementation of a federal Bitcoin reserve will be one of her first priorities. 

Lummis was recently appointed as the chair of a newly established Senate subcommittee on digital assets.

Disclaimer: The opinions expressed by our writers are their
own and do not represent the views of U.Today. The financial and market information
provided on U.Today is intended for informational purposes only. U.Today is not
liable for any financial losses incurred while trading cryptocurrencies. Conduct
your own research by contacting financial experts before making any investment
decisions. We believe that all content is accurate as of the date of publication,
but certain offers mentioned may no longer be available.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button