CryptoMediaClub
Tuesday, July 8, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Texas Rep. Giovanni Capriglione Files Proposal for Strategic Bitcoin Reserve

13.12.2024
A A
0
119
VIEWS
ShareShare

Texas Rep Giovanni Capriglione Introduces Bill to Establish Bitcoin Strategic Reserve. The bill aims to establish a strategic Bitcoin reserve in the state of Texas, mirroring efforts on the national level in the United States.

The new bill introduced in the Texas House of Representatives on Thursday seeks to establish a strategic bitcoin reserve, potentially positioning the state as a leader in cryptocurrency innovation.

Source: texas.gov

Bitcoin Taxes and Donations? Texas Proposes a Bold Plan to Build a Crypto Reserve

Republican State Representative Giovanni Capriglione announced the proposed legislation during an X Spaces event on Thursday.

The bill to establish a ‘Strategic Bitcoin Reserve’ in the state of Texas was filed live on X spaces. History has been made. pic.twitter.com/8IZdoMmKYj

— Dennis Porter (@Dennis_Porter_) December 12, 2024

The bill outlines a plan for Texas to build its bitcoin reserve by accepting taxes, fees, and donations in bitcoin, which would be held for at least five years.

Capriglione explained that the reserve aims to bolster the state’s fiscal stability while showcasing its leadership in bitcoin adoption.

Capriglione emphasized the importance of combating inflation, stating that a strategic bitcoin reserve represents a “win-win” investment for the state.

He further elaborated that the bill, titled “An act relating to the establishment of a bitcoin reserve within the state treasury of Texas and the management of cryptocurrencies by governmental entities,” aims to introduce a flexible framework for managing cryptocurrency holdings.

Texas, home to the largest concentration of bitcoin miners in the U.S., could see some miners paying taxes in bitcoin under the proposed legislation.

However, the initial bill does not include a strategy for direct Bitcoin purchases by the state.

Capriglione expressed his intent to expand the bill’s scope, aiming for broader support from legislators.

Bitcoin Boom: States Lead the Charge as Federal Crypto Policies Divide Opinions

The idea of a strategic Bitcoin reserve aligns with broader discussions at the national level.

President-elect Donald Trump has previously indicated support for a national Bitcoin reserve, which has fueled market speculation.

At the Bitcoin 2024 conference in July, Donald Trump announced that, if elected, he would prevent the U.S. government from selling Bitcoin seized in criminal cases.

Following his presidential election victory on Nov. 5, Wyoming Senator Cynthia Lummis, a Republican and vocal crypto advocate, revealed plans to propose legislation for the U.S. government to purchase 1 million BTC and hold it for at least 20 years.

However, not everyone supports the idea. Former U.S. Treasury Secretary Lawrence Summers criticized the plan on Dec. 5, calling it “crazy” and suggesting it was an attempt to appease campaign donors.

Other former officials have voiced similar doubts.

Bitcoin prices have surged by over 45% as investors anticipate potential policy shifts favoring cryptocurrency.

Despite the enthusiasm, analysts remain skeptical about the U.S. establishing a Bitcoin reserve in the near term.

States across the U.S. are taking the lead in exploring Bitcoin-related legislation.

Pennsylvania recently introduced its own strategic bitcoin reserve bill, and several other states, including Oklahoma, Louisiana, Montana, and Arkansas, have passed laws protecting cryptocurrency mining and self-custody rights.

Porter, an advisor on Capriglione’s bill, noted that as many as 10 states and four countries are considering similar legislation.

The post Texas Rep. Giovanni Capriglione Files Proposal for Strategic Bitcoin Reserve appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal
All news

ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

08.07.2025
0

ChatGPT’s AI model processed 42 live indicators, revealing a bearish analysis as Toncoin plunged 2.36% to $2.771 following the UAE...

Read moreDetails
Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

07.07.2025
BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

07.07.2025
Pepe Price Prediction: PEPE Explodes Out of Falling Wedge Pattern – $1 PEPE Next Target?

Pepe Price Prediction: PEPE Explodes Out of Falling Wedge Pattern – $1 PEPE Next Target?

07.07.2025
Fukuoka Financial Group to Develop Stablecoin and Web3 Wallet on Solana

Fukuoka Financial Group to Develop Stablecoin and Web3 Wallet on Solana

07.07.2025
Load More
Next Post
Robinhood Crypto marks milestone year with $38 billion in assets and European expansion

Robinhood Crypto marks milestone year with $38 billion in assets and European expansion

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

French Investigators Launch Cash Laundering Investigation Into Binance

French Investigators Launch Cash Laundering Investigation Into Binance

5 months ago
Crypto Wallets Swell to 400 Million with Rising Bull Market: Chainalysis

Crypto Wallets Swell to 400 Million with Rising Bull Market: Chainalysis

7 months ago

Crypto outflows on the rise as investors bet against Bitcoin

2 years ago
Will Memecoin Domination in the Crypto Market Continues for Upcoming Week?

Will Memecoin Domination in the Crypto Market Continues for Upcoming Week?

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

DDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift

BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

Canaan’s Astounding 1,484 BTC Holdings: A Bitcoin Mining Powerhouse Emerges

Pepe Price Prediction: PEPE Explodes Out of Falling Wedge Pattern – $1 PEPE Next Target?

Coinsilium’s Strategic Bitcoin Accumulation: A Bold Move in Digital Assets

Fukuoka Financial Group to Develop Stablecoin and Web3 Wallet on Solana

Trending

Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff
Analysis

Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

08.07.2025
0

Bitcoin (BTC) continued to trade between $100,000 and $110,500 for a second consecutive week as smaller investors...

ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

08.07.2025
Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

07.07.2025
DDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift

DDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift

07.07.2025
BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

07.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz