📄 A bill, HB 1598, has been introduced in Texas to create a strategic Bitcoin reserve, funded by donations rather than taxpayer money. The reserve’s assets cannot be sold for five years, after which their use will be restricted to within the state.
The bill's author, Giovanni Capriglione, aims for flexibility in the proposal to increase its chances of approval. To pass, it requires a two-thirds majority in both chambers, with a vote scheduled for January 2025.
💬 Similar initiatives are also being discussed in other states, including Florida and Pennsylvania.
