ScottyB on Nostr: It also opens up state sponsored shitcoinery. The battle goes on. ...

It also opens up state sponsored shitcoinery. The battle goes on.

quoting
nevent1q…0mfy

Here is the full SB 21 (Texas Strategic Bitcoin Reserve) that passed the State Senate today.

https://legiscan.com/TX/text/SB21/id/3152029/Texas-2025-SB21-Comm_Sub.html

Of note are the explicit carve outs that allow for shitcoinery, including proceeds from any distributions “Pursuant to an airdrop to the state’s cryptocurrency addresses.” Paving the way for state sponsored shitcoins.

From the bill:

“2) bitcoin and other cryptocurrencies can serve as a
hedge against inflation and economic volatility; and

(3) subject to Section 403.704, bitcoin and other
cryptocurrency purchased using money in or received by the reserve,
including any cryptocurrency:
(A) derived from the fork of a distributed
ledger; or
(B) distributed pursuant to an airdrop to the
state's cryptocurrency addresses;…”