Texas Republican Representative Submits Bill to Create a Strategic Bitcoin Reserve
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Odaily reports that Giovanni Capriglione, a Republican representative from Texas, has announced a proposal to establish a Bitcoin strategic reserve, which will serve as a testing ground for the U.S. Treasury Department. The proposed bill will enable the state to begin building a strategic Bitcoin reserve, receiving taxes, fees, and donations in Bitcoin, which will be held for at least five years. The bill aims to provide a way to strengthen national financial stability and make the state a leader in Bitcoin innovation. Capriglione stated that inflation may be the biggest enemy of our investments, and creating a strategic Bitcoin reserve and investing in Bitcoin will be a win-win for the state. He has just submitted the bill, titled "Establishing a Bitcoin Reserve within the Texas Treasury Department and Governmental Entities Managing Cryptocurrencies".
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