news 
Breaking: Texas Senate Passes Bitcoin Reserve Bill
In a significant development, the Texas Senate has passed a bill aimed at establishing a state-level bitcoin reserve, allowing the Lone Star State to join the growing list of US states exploring the possibility of holding cryptocurrencies.
The SB21 bill, which was originally filed on February 12, outlines that the reserve would be funded through appropriations, revenues, and donations. While it does not specify an investment limit, it allows for investments in either Bitcoin or an altcoin with a market capitalization of at least $500 billion.
After passing the Senate, the bill is now set to move to the House with a deadline of May 24 for committee action. This development marks another significant step forward for state-level bitcoin reserve initiatives across the US.
In related news, Binance CEO Changpeng Zhao has taken to Twitter to highlight the massive $50 billion stash held by BlackRock’s Bitcoin ETF, underscoring the growing institutional interest in the cryptocurrency.
Meanwhile, Polymarket bettors see a 65% chance of a strategic bitcoin reserve bill being passed in 2025.
Source: https://u.today/breaking-texas-senate-passes-bitcoin-reserve-bill
