tldr; Texas‘ SB 21 Bitcoin Reserve bill passed its second House reading with strong bipartisan support (105-23). The bill aims to establish a state-level Bitcoin Reserve and includes provisions for altcoins with a $500 billion market cap, requiring a 24-month qualification period. It needs one final vote and Governor Abbott’s signature to become law. With legislative session ending June 2 and Abbott’s pro-Bitcoin stance, the bill is likely to succeed, though past state efforts show potential hurdles.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Change0062 on
It wouldn’t surprise me if Trump Coin will do a 250x to reach that 500b marketcap threshold. It’s only at 2b.
JohnDLG on
The 500 billion market cap and requiring it for 2 years seems like a good way to keep the shitcoins out. ETH will need to get its act together if it wants in. Now we have to worry about folks lobbying to loosen the restrictions in the next legislative session come 2027.
partymsl on
This news is priced in since millenias.
Been hearing about it ever since Trump had won the election.
Hermes_Trismagistus on
It’d be a good idea for them to do.
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tldr; Texas‘ SB 21 Bitcoin Reserve bill passed its second House reading with strong bipartisan support (105-23). The bill aims to establish a state-level Bitcoin Reserve and includes provisions for altcoins with a $500 billion market cap, requiring a 24-month qualification period. It needs one final vote and Governor Abbott’s signature to become law. With legislative session ending June 2 and Abbott’s pro-Bitcoin stance, the bill is likely to succeed, though past state efforts show potential hurdles.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
It wouldn’t surprise me if Trump Coin will do a 250x to reach that 500b marketcap threshold. It’s only at 2b.
The 500 billion market cap and requiring it for 2 years seems like a good way to keep the shitcoins out. ETH will need to get its act together if it wants in. Now we have to worry about folks lobbying to loosen the restrictions in the next legislative session come 2027.
This news is priced in since millenias.
Been hearing about it ever since Trump had won the election.
It’d be a good idea for them to do.