Texas Lieutenant Governor Dan Patrick has listed the creation of a state-level Bitcoin reserve among the many high legislative priorities for the present 12 months.
Earlier right now, Axios reported that the Lone Star State, which boasts a GDP of $2.4 trillion, may additionally permit Texas to make Bitcoin donations.
Texas is, after all, often known as a significant Bitcoin mining hub with loads of industrial-scale operations.
Different states are additionally mulling over establishing their very own Bitcoin treasuries. They embody Florida, Ohio, North Dakota, and Wyoming.
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In the meantime, Senator Cynthia Lummis of Wyoming has introduced that public hearings on the implementation of a federal Bitcoin reserve shall be one among her first priorities.
Lummis was not too long ago appointed because the chair of a newly established Senate subcommittee on digital belongings.
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