menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Texas Fina...
source image

Coindoo

1w

read

33

img
dot

Image Credit: Coindoo

Texas Finalizes Bill to Establish Strategic Bitcoin Reserve – Makes Key Change

  • Texas has finalized a bill to establish a strategic Bitcoin reserve, potentially becoming the first U.S. state to hold BTC in its treasury.
  • The eligibility criteria for digital assets was a major point of contention, with the final version of the bill requiring a 24-month market cap threshold for inclusion.
  • The provision allowing staking of digital assets for yield generation was removed from the final draft, ensuring passive holding of digital assets by Texas.
  • The bill is now awaiting approval from both chambers and, if signed into law, Texas could lead the way in integrating Bitcoin into its financial strategy.

Read Full Article

like

2 Likes

For uninterrupted reading, download the app