{"id":148013,"date":"2025-01-30T08:00:06","date_gmt":"2025-01-30T06:00:06","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=148013"},"modified":"2025-01-30T03:24:52","modified_gmt":"2025-01-30T01:24:52","slug":"texas-moves-to-establish-state-backed-bitcoin-reserve-in-2025-legislative-push","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/texas-moves-to-establish-state-backed-bitcoin-reserve-in-2025-legislative-push\/","title":{"rendered":"Texas Moves to Establish State-Backed Bitcoin Reserve in 2025 Legislative Push"},"content":{"rendered":"

This move<\/a> <\/strong>places Texas among a growing number of states considering similar initiatives, with Arizona and Utah already making progress on related legislative proposals.<\/p>\n

Efforts to establish a Bitcoin<\/a> <\/strong>reserve in Texas have gained traction from multiple officials. The most recent push came on January 16 from state Senator Charles Schwertner, who highlighted the potential economic benefits on X, emphasizing that such a reserve could bolster the state\u2019s position in the digital economy and strengthen financial independence. Before that, in December 2024, Republican Representative Giovanni Capriglione introduced a bill in the Texas House of Representatives to create a strategic Bitcoin reserve, proposing that state fees, taxes, and contributions be payable in BTC to help fund it.<\/p>\n

Advocates argue that incorporating Bitcoin reserves into state finances represents a shift toward modernized monetary systems, providing a hedge against inflation and signaling a forward-thinking approach to economic strategy. On a broader scale, reports suggest that countries like Chile and the U.S. are also exploring the possibility of holding cryptocurrency reserves.<\/p>\n