Texas lawmaker introduces Strategic Bitcoin Reserve bill

A bill has been introduced in the US state of Texas that would allow residents to voluntarily create a Bitcoin reserve through donations. On the 12th (local time), Texas Representative Giovanni Capriglio
Representative Steven Wilson introduced a bill to create a Bitcoin reserve as part of the state's finance department. The bill, tentatively called the Texas Strategic Bitcoin Reserve, was submitted to the Texas government on the same day.
The Texas Reserve Bill proposes that the state treasurer hold Bitcoin as a reserve asset for at least five years. The bill would allow Texans and government agencies to voluntarily donate Bitcoin to the state.
But unlike other proposals for a national Bitcoin reserve, it would not include cryptocurrency that has been seized by authorities.
The Blockchain Council said, "To maximize the chances of the bill passing, no tax will be used to purchase Bitcoin," and "Bitcoin is a valuable, valuable currency for the people of Texas, the United States, and the United States."
"The money will be raised through donations from corporations, businesses and other existing state resources," he said. The bill would require a two-thirds majority in both the Texas Senate and the Texas House of Representatives to become law.
The state legislature is not scheduled to meet until January 14, when its 89th regular session begins.