On a rather peculiar day, March 6, 2025, the Texas Senate, in a fit of excitement, decided to give a big thumbs up to Senate Bill 21 (SB-21) with a jolly 25-5 vote! 🎉 They’re all set to create a state-managed Bitcoin treasure chest, because why not? Who needs gold when you can have digital coins that dance around like mischievous little sprites?
Now, this cheeky little bill was introduced by none other than State Senator Charles Schwertner, who seems to think that stuffing Texas’s pockets with Bitcoin will make everything just peachy! 🍑 After all, it’s a scarce digital asset, and who doesn’t love a good scarcity? It’s like finding a rare Pokémon in your backyard!
Senator Schwertner, with a twinkle in his eye, proclaimed that adding Bitcoin to the state’s piggy bank could be a splendid way to fend off inflation and economic hiccups, much like how folks used to clutch their gold like it was a beloved teddy bear. 🧸 He pointed out that Bitcoin’s quirky decentralized nature and its limited supply make it a rather tempting treat for those looking to spice up their investment menu!
Just a week prior, on February 28, 2025, the Texas Bitcoin Reserve Bill (SB 21) waltzed through the Business and Commerce Committee like it owned the place, before strutting its way to the Texas Senate for a grand review. Talk about a VIP pass!
The bill is all about creating the Texas Strategic Bitcoin Reserve, a fancy fund that’s not even going to bother with the state treasury. It’s like having a secret stash of candy hidden away from the grown-ups! 🍬 This clever setup is designed to give the state the wiggle room it needs to manage and invest in Bitcoin and other shiny cryptocurrencies that are all the rage these days.
And who will be in charge of this digital treasure hunt, you ask? Why, it will be the Texas Comptroller of Public Accounts, of course! They’ll have the magical power to acquire, manage, and trade these digital goodies. Just imagine the fun they’ll have! 🎩✨
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2025-03-06 22:28