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Texas Bitcoin Reserve Bill Nears Final Approval — A Crypto First for U.S. States

  • The Texas Senate Bill (SB 21) aims to establish a strategic Bitcoin reserve in Texas and is near final approval after passing the second reading in the House.
  • The bill has been amended to require crypto assets to maintain their market cap above a specific threshold for 24 months to qualify for inclusion.
  • The legislative session in Texas ends on June 2, implying that the bill must pass a final vote before then.
  • The establishment of a strategic Bitcoin reserve has been gaining traction in various states, with Texas following New Hampshire in this initiative.

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