<ul><li>Texas lawmakers have approved a bill to create a strategic Bitcoin reserve, potentially making Texas the first U.S. state to officially hold Bitcoin as part of its financial strategy.</li><li>The bill, known as Senate Bill 21, aims to establish the Texas Bullion Depository Reserve Fund to invest in Bitcoin and other digital assets, overseen by the state comptroller and kept separate from the main treasury.</li><li>Funding for the Bitcoin reserve could come from state allocations or private donations, limited to Texas residents, with transparency requirements including regular reports on fund holdings and performance.</li><li>Governor Greg Abbott now has 20 days to either sign the bill into law or veto it, with indications that he may support the move, positioning Texas to not only mine but also hold Bitcoin in the future.</li></ul>

Texas Moves Closer to Becoming First State to Hold Bitcoin

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