Bitcoin’s role as a strategic reserve asset expands with U.S. states and nations onboard: Is Trump destined to reshape US crypto ecosystem?
Texas and Oklahoma introduce bills to establish Bitcoin reserves, aiming to position their states at the forefront of the digital economyGlobal interest grows in Bitcoin reserves, with countries like Switzerland and Russia exploring adoption.Recent efforts to position Bitcoin as a strategic reserve asset in the U.S. have gained momentum, especially with new bills being introduced in Texas and Oklahoma.
Additionally, the legislation allows residents to donate Bitcoin, promoting “shared ownership of and community investment in this state’s future.” Interestingly, this is the second proposal for a Bitcoin Strategic Reserve in Texas within weeks. It follows Representative Giovanni Capriglione’s introduction of a similar plan in December 2024.“Bitcoin represents freedom from bureaucrats printing away our purchasing power. As a decentralized form of money, Bitcoin cannot be manipulated or created by government entities.
It further provides for “any state retirement fund” to hold digital assets in secure custody solutions, with the option of using a qualified custodian, and even permits investments through exchange-traded products .
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