Texas is set to discuss the Bitcoin Strategic Reserve and Investment Act, potentially investing up to 500 million USD in Bitcoin as part of its strategic financial diversification.
Sponsored by State Senator Charles Schwertner, this act seeks to enhance institutional investments in Bitcoin and draw parallels to El Salvador’s early adoption initiatives.
Currently, Bitcoin (BTC) is valued at 85,439.50 USD, reflecting a 1.04% increase over the last 24 hours, indicating market momentum that aligns with state legislative developments.
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