Texas's Bitcoin Strategic Reserves Act passed in the Senate

ANews March 7 news, according to CoinDesk, several U.S. states are increasingly inclined to invest public funds into the cryptocurrency field after President Trump announced plans to take similar actions, and Texas has now become one of the leading contenders in this field. On Thursday, the Texas Senate passed the SB 21 bill, which would allow the state to invest some public funds into digital assets, especially Bitcoin. Texas Lieutenant Governor Dan Patrick issued a letter on the Texas Bitcoin Reserves Act passing in the Senate: “Building Texas Bitcoin Reserves is a bold move that other states should follow. I am on President Trump’s side and hope to make Texas the center of the digital future in the United States.”

Previously, yesterday's news, the New Hampshire Bitcoin bill was passed by the House Committee with an overwhelming advantage . In addition, nearly a dozen states have vigorously pushed for the passage of bills that allow similar distributions, while at least five states have encountered setbacks or voted to fail to pass their bills. Utah has been ahead of its efforts and currently only needs Senate approval to submit the bill to the governor. However, the legislative session will end this week, leaving little time for the Senate and the State Legislature to jointly approve up to 5% of certain public accounts to invest in digital assets.