Texas Senator Proposes Bill to Establish the First State-Level Bitcoin Strategic Reserve

Quick Summary:

Texas Senator Charles Schwertner has announced the submission of Bill SB 778, proposing the establishment of the first state-level Bitcoin strategic reserve in the United States.

If passed, this legislation could position Texas at the forefront of the digital economy, fostering economic growth and enhancing financial freedom.

It has an interconnection capacity of 240 MW and 114 MW of nameplate wind capacity.

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Article Details

Author / Journalist: Sarayu Krishna

Category: Crypto

Markets: United Arab EmiratesUnited States

Topics: Texas Market News Bitcoin Bitcoin reserve

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-16 @ 07:05:46 (14 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 305 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 25191341

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 14 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 12 hours ago

Coverage Areas: United Arab Emirates

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Publisher ID: #125

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