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"https://bitcoinmagazine.com/politics/texas-state-rep-files-for-strategic-bitcoin-reserve"
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"Texas State Rep Files For Strategic Bitcoin Reserve"
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"The bill, filed in collaboration with the Satoshi Action Fund, aims to create a strategic reserve of bitcoin for the state of Texas. The reserve would be used to buy and hold bitcoin, securely store it in cold storage for at least five years, and allow residents to donate bitcoin. The bill also ensures transparency through yearly reports and audits, and allows state agencies to accept cryptocurrencies and convert them to bitcoin. The legislation takes effect immediately if it receives a two-thirds majority vote in both houses, or on September 1, 2025, if it does not receive the necessary vote."
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