In a move that can only be described as simultaneously absurd and visionary, the Texas House of Representatives has, with great fanfare, passed the Strategic Bitcoin Reserve Bill (SB 21) on its second reading. What does this mean, you ask? Well, it brings the state ever closer to the rather questionable yet undoubtedly intriguing idea of investing in Bitcoin. Yes, you read that right — Texas, known for its love of everything big, is preparing to add the world’s most volatile digital currency to its ever-expanding financial portfolio. Ah, the wonders of modern economics.
The bill, intended to establish the “Texas Strategic Bitcoin Reserve,” aims to position the state as a crypto pioneer — because, of course, why should the world’s 8th largest economy be left behind in this rather peculiar race to the blockchain? With the Senate’s rather unenthusiastic blessing secured, the proposal now simply awaits the governor’s approval. One can only imagine the dramatic pause that will precede the signing of this, no doubt, historic moment. 🌐💰
But don’t be fooled, dear reader — this is no mere passing fad. This is Texas, a state that, much like its residents, does everything with grandiose flair. In the grand scheme of things, it seems that the Lone Star State is making a play to be the first to turn crypto volatility into an asset — or at least that’s the hope. 🤞
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2025-05-21 09:14