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Texas House Greenlights Bitcoin Reserve, Heading to Governor’s Desk

  • The Texas House approved SB 21, advancing a plan to create a state-run Bitcoin reserve.
  • The bill authorizes the state comptroller to invest in cryptocurrencies with a market cap over US$500B, with Bitcoin being the primary focus.
  • Texas is set to become the third US state to pursue a crypto reserve, following New Hampshire and Arizona.
  • Governor Greg Abbott's signature is awaited on the bill, which includes a clause allowing private crypto donations to the reserve.

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