Texas may become the third U.S. state to establish strategic bitcoin reserves
Internet reports that Lee Bratcher, founder and chairman of the Texas Blockchain Council, told The Block that Texas should soon become the third state to establish a strategic bitcoin reserve. Lee Bratcher said if the bill passes the state Legislature, he believes Gov. Greg Abbott will sign it into law. On Wednesday, Texas lawmakers overwhelmingly voted to pass Senate Bill 21, which would allow the creation of Bitcoin reserves. "I've talked to the governor personally about it, and I think he wants to see Texas take the lead in this way, but I certainly wouldn't impose it on him," he said. He will make a decision at the right time." If Gov. Greg Abbott finally signs the Bitcoin bill (Bratcher expects it to be on the governor's desk "within a week or two"), Texas will become the third state after New Hampshire and Arizona to sign it.
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