As Trump and his allies ponder the possibility of a national Bitcoin reserve, some states are moving forward with their own plans to stack sats. Here’s a look at the states leading the push.
Texas: The Lone Star State becomes a lone wolf on BTC
Everything is bigger Texasand that could soon include its Bitcoin reserves. State Representative Giovanni Capriglione has introduced a bill that would… Bitcoin supply for TexasThis requires the cryptocurrency to be kept in secure cold storage for at least five years. The legislation prohibits the use of Bitcoin for transactions outside of Texas, highlighting its role as a long-term asset rather than a transactional currency.
Source: X
The proposed legislation enables Texas to establish a Bitcoin reserve that is securely stored in cold wallets – offline solutions praised for their resilience to cyberattacks. This reserve would remain untouched for at least five years to ensure a long-term strategic approach. Texan would also have the opportunity to voluntarily contribute to the fund, which would signal a deeper integration of Bitcoin into the state’s financial framework.
The bill emphasizes that the creation of a Bitcoin reserve is consistent with Texas’ goals to promote digital innovation and strengthen the financial security of its residents. It specifically prohibits the use of the reserve for transactions with foreign companies or individuals involved in illegal activities, ensures compliance with regulatory standards and focuses on domestic benefits.
Inflation protection and financial stability
At a Spaces live event, representative Giovanni Capriglione explained the reasons for the…
