Posted on 05/21/2025 9:39:05 PM PDT by EnderWiggin1970
KEY FACTS: The Texas House of Representatives passed Senate Bill 21 (SB 21) with a 101-42 vote, approving the creation of a state-level strategic Bitcoin reserve. The bill, authored by Senator Charles Schwertner and sponsored by Representative Giovanni Capriglione, allows the Texas comptroller to invest in cryptocurrencies with a market cap exceeding $500 billion, currently limited to Bitcoin. Following New Hampshire and Arizona, Texas would be the third U.S. state to establish such a reserve if Governor Greg Abbott, a known crypto advocate, signs the bill within 20 days.
(Excerpt) Read more at ecency.com ...
El Salvador is now up $350M on its bitcoin purchases. And that after all the tut-tutting from the IMF banksters. As I type this BTC has topped $111K and is at a new ATH.
I do not believe Bitcoin will go the way of tulips.
But dollars will.
Well, Texas will never go broke.
Smart move
Madness.
I wonder what AI will do to Bitcoin when the network is penetrated, if it hasn’t been already.
They would not use AI, they would use quantum computing.
And Bitcoin would not be the first thing they would try to penetrate. They would go after the Fed and the major banking centers. Those systems are much easier to hack, relative to the block chain.
And because the blockchain is a public ledger we would already know if it’s been “hacked.” No one is hiding anything in “bitcoin world.”
Capriglione?
Ug...
He thinks he’s a tech guy, thank goodness his AI bill he introduced in the Texas Legislature didn’t go anywhere.
The great thing about Texas is that the Legislature is only in session every two years for 140 days so they have limited time to steal everything that’s not nailed down.
Agreed—the world is about to get crazier than we can imagine as AI enters the stage and breaks all the old rules.
At this point some legislators are just thrilled to buy some Bitcoin before acting and pocketing a nice profit afterwards.
“Grift is good” is their motto.
—
True story—in my younger days there was a state legislator where I went to college who asked for volunteers to help in his office.
I volunteered—it was a great learning experience...until I bumped into his little scam...
On the side he had created a company that existed solely to receive grants from the state—if he could get a certain piece of legislation passed.
Once I figured it out I left in disgust.
Just for funsies…
https://bitcointreasuries.net/
This site shows the number and amount of bitcoin countries, governments, pubic companies, and private companies own.
It’s interesting to see the growth in bitcoin being held in companies treasuries. It will also be interesting to see states start to add digital assets as more of these laws pass.
If it follows most trends: it will be slow at first…then all of a sudden.
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