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May 21, Texas House of Representatives approved an account that would allow the state to hold Bitcoin
Btc
110.605,64 USD
as part of his treasury.
Proposal, known as Senate Laws Procedure 21,, has the support of both republican and democratic legislators. He was introduced by senator Charles Schwertner, led through the house of representative Giovanni Capriglione.
The account still It needs a Senate to agree on some changes Made of home. If that happens, the next step is Governor Greg Abbott, who will decide whether to sign him.
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20. May account passed Second reading with a vote of 105 in favor and 23 against. Third reading, the opposition has grown and 42 voted against it. The final number has not yet been officially confirmed.
According to the website of the state legislative body, Total voices are still considered unofficial Until they are inspected and certified.
A note of Jerry McGintywhich directs the State Budget Legal Committee, he said it was too early to know how much bitcoin would buy or how much money would be needed. He also said that any additional reserve management costs could be covered by using profit from the fund itself.
If approved, the account would Let the state supervisor act with Bitcoin spare. The supervisor would be in charge of managing property and deciding how to use. The draft also describes the rules on how the reserve will apply and control.
Meanwhile, Kevin O’Leary, known for his role SharkHe recently answered the comments of US senator Elizabeth Warren to the Genna Act. What did he say? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
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Aaron is a person for everyone and for all related to digital currencies. With a huge passion for Blockchain & Web3 education, Aaron tries to transform the space the way we know it and make it more affordable to complete beginners.
Aaron quoted more established outlets and was the author himself. Even during her free time, she enjoys exploring market trends and looking for the next Supernova.
