CryptoMediaClub
Tuesday, July 29, 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

All news

PayPal Expands Crypto Payment Acceptance in U.S.

29.07.2025
0

PayPal introduced a solution enabling American merchants to accept payments in over 100 cryptocurrencies with conversion to fiat or the...

Read moreDetails
US Seeks to Claim $2.4M Bitcoin Seized from Chaos Ransomware Group

US Seeks to Claim $2.4M Bitcoin Seized from Chaos Ransomware Group

29.07.2025
Tron Inc. Registers $1B in Securities to Pivot Into TRX-Focused Crypto Treasury

Tron Inc. Registers $1B in Securities to Pivot Into TRX-Focused Crypto Treasury

29.07.2025
Bitcoin ETFs Log Third Day of Gains as Ethereum Inflows Hit 17-Day Streak

Bitcoin ETFs Log Third Day of Gains as Ethereum Inflows Hit 17-Day Streak

29.07.2025
Interactive Brokers Mulls Stablecoin Launch to Serve Users

Interactive Brokers Mulls Stablecoin Launch to Serve Users

29.07.2025
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

Hong Kong Adds Seven Unlicensed Crypto Exchanges to its Alert List

Hong Kong Adds Seven Unlicensed Crypto Exchanges to its Alert List

1 year ago
Ethena Up 21% After $360M USDe Deal – Can ENA Hit $1?

Ethena Up 21% After $360M USDe Deal – Can ENA Hit $1?

2 days ago
UK Rapper Russ Thousands and thousands’ Meme Coin $MILLION Tanks 99% in ‘Social Experiment’ Gone Incorrect 

UK Rapper Russ Thousands and thousands’ Meme Coin $MILLION Tanks 99% in ‘Social Experiment’ Gone Incorrect 

7 months ago
South Korean Province Seizes Crypto Worth $890,000 from Tax Dodgers

South Korean Province Seizes Crypto Worth $890,000 from Tax Dodgers

10 months ago

Categories

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

Highlights

Tron Inc. Registers $1B in Securities to Pivot Into TRX-Focused Crypto Treasury

Bitcoin ETFs Log Third Day of Gains as Ethereum Inflows Hit 17-Day Streak

Interactive Brokers Mulls Stablecoin Launch to Serve Users

Crypto Price Prediction Today 28 July – XRP, Solana, Dogecoin

BlackRock’s ETHA becomes 4th-largest ETF by 30‑day inflows as Ethereum funds aim for $10B

South Korea’s Biggest Parties Roll Out Stablecoin Bills, Clash on Interest Payment Plans

Trending

Global stablecoin searches hit all-time high with Washington leading traffic
Analysis

Global stablecoin searches hit all-time high with Washington leading traffic

29.07.2025
0

Stablecoin search interest reached an all-time high this month, days before the White House signed the GENIUS...

PayPal Expands Crypto Payment Acceptance in U.S.

29.07.2025
US Seeks to Claim $2.4M Bitcoin Seized from Chaos Ransomware Group

US Seeks to Claim $2.4M Bitcoin Seized from Chaos Ransomware Group

29.07.2025
Tron Inc. Registers $1B in Securities to Pivot Into TRX-Focused Crypto Treasury

Tron Inc. Registers $1B in Securities to Pivot Into TRX-Focused Crypto Treasury

29.07.2025
Bitcoin ETFs Log Third Day of Gains as Ethereum Inflows Hit 17-Day Streak

Bitcoin ETFs Log Third Day of Gains as Ethereum Inflows Hit 17-Day Streak

29.07.2025
  • 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