🤑 Texas Dives Deeper into Crypto with a Whopping $250M Bill! 🚀

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Hold onto your hats, folks, because Texas is back at it again with a second Bitcoin reserve bill, HB 4258, hot on the heels of Senate Bill 778. It’s like they’re playing a game of legislative tag with digital money.

So, what’s the deal with HB 4258? Well, it’s a little like Texas saying, “We’ve got a big ol’ pile of cash just sitting here, let’s throw some at Bitcoin and see what sticks!” The state Comptroller could soon be the proud owner of up to $250 million worth of cryptocurrency. Because why not, right? 🤷‍♂️

But wait, there’s more! This bill is also like an invitation for local governments to join the crypto party. Counties and municipalities can dip their toes in, but they’ve got to keep it under $10 million. Because, you know, we wouldn’t want anyone to go overboard. 🎢

SB 778, the first bill, was a bit like a blind date; it didn’t say how much money could be spent, but it did suggest that Texas would start accepting crypto for taxes and donations. And, oh boy, if you thought selling state assets was hard, try waiting five years to sell your state Bitcoins. It’s like having a block of cheese in the fridge that you can’t touch. 🧀

The state Senate has already given the thumbs up with a 25-2 vote, which is about as close to a unanimous decision as you can get in politics. Now it’s up to the House to make the call. Will they crypto or will they no? We’ll find out by May 24, or maybe sooner if they’re feeling spicy. 🔥

And if you’re wondering if Texas is alone in this crypto craze, think again. According to the Bitcoin Reserve Monitor, at least 21 states are eyeing crypto reserves. Some are just looking, some are proposing, and a few have already said, “Nah, we’re good.” 🌟

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2025-03-11 10:34