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Texas Senate passes bill to create Bitcoin reserves

The Texas Senate passed Senate Bill 21, which would create a state reserve of bitcoin. The reserve will hold BTC and cryptocurrencies with a market value of at least $500 billion, and will be eligible for state budget appropriations, with a newly established advisory committee overseeing and guiding its development. Currently, the bill still needs to be approved by the House of Representatives and signed by the governor before it becomes law.

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