Deputy Governor of Texas Dan PatrickRecommended by the Senator Charles Schwertner of the Texas Senate and Texas Bitcoin $91,278.90 In a statement after the approved bill of law aiming to establish the Reserve Bitcoinstressed that the limited supply of (BTC) and its decentralized structure is a critical asset for the future of Texas. Patrick said that this step aims to make Texas the center of the digital future of America.
“Bitcoin reserves Key Step for Texas’ crypto currency leadership”
Texas Bitcoin reserve The decision to form aims to reinforce the state’s leadership in crypto currency. According to the developed bill, Texas will form a large reserve of Bitcoin and other crypto currencies. Deputy Governor of Texas Patrick, US President Donald TrumpHe said that Texas is progressing rapidly in this field by showing his leadership in crypto currency and Bitcoin. Patrick said Trump believes that Texas will shape the future of crypto currency in this move after Trump’s explanations about Bitcoin’s value as “digital gold ği.
TexasIt is foreseen that this decision will be an example for other states and crypto currencies will have an important place. Creating an attractive environment for investors will strengthen the US state’s competitive position in this field. With the limited supply and decentralized structure in the process of creating Bitcoin reserve of Texas, Patrick BTCstressed that it has become a strategic being for the Texas economy.
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Details of Texas Bitcoin reserve law bill
Texas Senate The bill approved by the Texas Bitcoin reserve foresees to establish. This new reserve will be managed by Texas’s audit commission. Bitcoin and other crypto currencies will be supported by assets with a market value of at least $ 500 million. With the reserve to be created, it is possible to strengthen the role of Texas in the crypto currency market.
In addition, the bill envisages the creation of the Strategic Bitcoin Reserve Advisory Committee to manage the newly established Bitcoin Reserve. This committee will make suggestions for the management of the reserve.
The law also requires regular reports to be submitted every two years in order to increase the transparency of Texas’s Bitcoin reserve. In this way, investors and people will be allowed to follow the status of Texas Bitcoin reserve more closely.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
