Summary
- The Texas Senate has passed the Bitcoin Strategic Reserve Bill.
- Senator Charles Schwertner stated that the bill will help strengthen the Texas Treasury's balance sheet.
- After the governor's signature, Texas will become the first U.S. state to legally manage digital assets.
The Texas Senate in the United States has passed a Bitcoin (BTC) strategic reserve bill.
According to Cointelegraph on the 7th (local time), the Texas Senate passed the Bitcoin Strategic Reserve Bill (SB21) the previous day with 25 votes in favor and 5 against.
Texas State Senator Charles Schwertner, who introduced the bill, said, "This bill will help strengthen the Texas Treasury's balance sheet."
The bill will be finalized after the governor's signature, and upon passage, Texas is expected to become the first state in the U.S. to legally manage digital assets.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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