Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
The "Bitcoin Reserve Fund" in Texas will be used to hold cryptocurrencies with a market value of at least 500 billion US dollars

The "Bitcoin Reserve Fund" in Texas will be used to hold cryptocurrencies with a market value of at least 500 billion US dollars

Bitget2025/03/09 04:03
BTC-2.27%

PANews reported on March 9th, according to Bitcoin.com, that the state of Texas in the United States will create a fund managed by the state government for holding Bitcoin and other cryptocurrencies. The Texas State Auditor will be responsible for regulating this reserve, which will hold cryptocurrencies with a market value of at least $500 billion and is eligible to receive state budget appropriations. In addition, a Strategic Bitcoin Reserve Advisory Committee has been established to provide guidance for managing this fund and is required to submit a report on its holdings every two years.

Previously, the Texas Senate passed SB 21 bill which would allow the state to invest part of public funds into digital assets, especially Bitcoin. This bill still needs approval from the House of Representatives and signature from governor before it becomes law.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

ETH surpasses $4,100
金色财经2025/10/14 16:22

Trending news

More
1
Powell: Policy Needs to Shift Toward a More Neutral Stance
2
Powell: The Federal Reserve is committed to holding Treasury assets on its balance sheet for the long term

Crypto prices

More
Bitcoin
Bitcoin
BTC
$112,682.23
-1.75%
Ethereum
Ethereum
ETH
$4,141.87
-0.69%
Tether USDt
Tether USDt
USDT
$1
-0.03%
BNB
BNB
BNB
$1,226.16
-4.24%
XRP
XRP
XRP
$2.52
-2.83%
Solana
Solana
SOL
$204.73
+2.56%
USDC
USDC
USDC
$1
+0.02%
Dogecoin
Dogecoin
DOGE
$0.2046
-2.94%
TRON
TRON
TRX
$0.3168
-1.31%
Cardano
Cardano
ADA
$0.7023
-1.83%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter