Investing.com -- The Business and Commerce Committee of the Texas Senate has passed Senate Bill 21, which is focused on the establishment of a Strategic Bitcoin Reserve. The bill received unanimous approval with a 9-0 vote.
The legislation has now moved to the full Senate for further discussion and consideration. This development puts Texas on track to potentially become one of the pioneering states to hold a cryptocurrency reserve. This mirrors the growing acceptance of digital currencies in state-level financial strategies.
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