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The politician posted to his authoritative X relationship connected May 22, astir a time aft the legislature passed a measure to make a strategical Bitcoin reserve successful Texas.
Texas Governor Greg Abbott has signaled enactment for a measure precocious passed by the authorities House of Representatives that would found a strategical cryptocurrency reserve.
In a May 22 X post, Abbott posted a Techstory nonfiction astir Texas authorities lawmakers’ efforts to make a Bitcoin (BTC) reserve. The communicative pointed retired that the determination for the transition of SB 21, the measure successful question, present rests connected Abbott’s shoulders, astir 3 months aft it was introduced.
Since taking office, Abbott referred to himself arsenic a “crypto instrumentality connection supporter” successful 2021 and suggested that helium would enactment policies to found Texas arsenic a “crypto capital” successful 2024. Texas was 1 of a fistful of state-level governments that proposed mounting up a strategical crypto reserve aft the 2024 national elections.
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On May 6, New Hampshire Governor Kelly Ayotte was the archetypal to sign a Bitcoin reserve bill into law. Arizona Governor Katie Hobbs aboriginal approved a law allowing the authorities to assertion ownership of unclaimed crypto. Some jurisdictions person rebuffed efforts to walk akin legislation, with astir fractional of the 50 authorities governments considering a Bitcoin reserve.
New medication moving to person the US authorities hodl
At the national level, President Donald Trump signed an enforcement order (EO) successful March for a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile,” but Congress had not codified the bid arsenic of May 23. Wyoming Senator Cynthia Lummis has led efforts successful the enclosure to walk the Boosting Innovation, Technology, and Competitiveness done Optimized Investment Nationwide, oregon BITCOIN, Act, reintroduced a fewer days aft Trump’s EO.
As of March 11, the measure has been referred to the Senate Banking Committee, and it was unclear if oregon erstwhile the enclosure would see a vote. The Senate volition apt archetypal determination guardant with statement connected a measure to modulate outgo stablecoins, the GENIUS Act, with immoderate lawmakers anticipating a vote by Memorial Day, May 26.
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