Atlas21
  • ‎
No Result
View All Result
Atlas21
No Result
View All Result
Atlas21
Home Bitcoin

Texas: new bill introduced for a strategic digital asset reserve

Newsroom by Newsroom
March 13, 2025
in Bitcoin
Il Texas punta su Bitcoin: riserva strategica come priorità per il 2025
Share on FacebookShare on TwitterShare on Linkedin

The third bill introduced in Texas aims to expand state and local participation in digital asset investments.

On March 10, Texas introduced its third bill regarding a potential digital asset reserve. The legislative proposal, presented by Democratic Representative Ron Reynolds and designated as HB 4258, seeks to allocate up to $250 million from the state’s economic stabilization fund for the purchase of Bitcoin and other digital assets.

https://twitter.com/Bitcoin_Laws/status/1899298328791408820

This marks the third attempt by the state to establish a strategic digital asset reserve. The second bill, SB 21, recently gained bipartisan support in the Senate and now awaits a decision in the Texas House, expected by May 24.

Unlike the initiative proposed by Senator Charles Schwertner, HB 4258 explicitly sets a cap on investments and broadens participation to municipalities and counties, allowing them to allocate up to $10 million to digital assets. If approved and enacted into law, the bill would take effect on September 1, 2025.

Commenting on the proposal, Texas Blockchain Council President Lee Bratcher highlighted the state’s strategic position for Bitcoin adoption. He pointed to the “Texas Triangle” – Houston (energy), Austin (technology), and Dallas (capital markets) – as a convergence of industries that would make Bitcoin integration particularly viable.

https://twitter.com/OnrampBitcoin/status/1899149953043190143
Previous Post

Japan: capital gains tax on cryptocurrencies reduced from 55% to 20%

Next Post

USA: Senator Lummis reintroduces the Bitcoin Act for a national strategic reserve

Latest News

Tuscany Lightning Summit 2025: LN come linguaggio comune dell’ecosistema Bitcoin
Bitcoin

Tuscany Lightning Summit 2025: LN as a common language of the Bitcoin ecosystem

by Newsroom
May 9, 2025
0

Report on the event dedicated to Bitcoin protocol's main layer 2, organized by Fulgur Ventures.

Read moreDetails
stablecoin
Crypto

Meta considers stablecoin integration: the tech giant returns to the crypto world

by Newsroom
May 9, 2025
0

Social media giant Meta is exploring stablecoins for payments across its platforms.

Read moreDetails
arizona
Bitcoin

Arizona grabs abandoned bitcoins: the State reserve is born

by Newsroom
May 9, 2025
0

Arizona launches its Bitcoin and digital asset reserve fund by signing House Bill 2749, which allows the state to claim...

Read moreDetails
bitcoin
Bitcoin

Florida says no to Bitcoin: state treasury bills withdrawn

by Newsroom
May 9, 2025
0

Florida drops proposals for Bitcoin investments, while other U.S. states continue the race for a strategic reserve.

Read moreDetails
samourai wallet
Bitcoin

Samourai Wallet vs. the authorities: allegations of evidence concealment

by Newsroom
May 6, 2025
0

The co-founders of Samourai Wallet claim that federal prosecutors concealed FinCEN guidance that would have cleared them of the charges.

Read moreDetails
Atlas21

© 2025 Atlas21

Navigate Site

  • About
  • Home
  • Feature
  • Bitcoin
  • Careers
  • Opinion
  • Interviews
  • Privacy Policy
  • News
  • Learn
  • B2B
  • Press
  • Cookie Policy

Follow Us

No Result
View All Result
  • News
  • Interviews
  • Learn
  • Feature
  • Services
  • Adoption
  • ‎
    • ‎

© 2025 Atlas21

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site, we will assume that you are happy with it.AcceptCookie