Texas Bitcoin Reserve Law Triggers Sunday—Silence Means Yes
Texas is now within a single, silent procedural heartbeat of creating the nation’s largest government-run stash of bitcoin. Senate Bill 21, the Texas Strategic Bitcoin Reserve and Investment Act, was dispatched to Gov. Greg Abbott on June 1 after clearing both chambers by wide margins. Texas Bitcoin Reserve Set To Become Law Under Article IV, […]
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In one of its first steps towards creating an unconstrained economy, the State of Texas has decided to setup its own gold-backed bank. The decision comes in the wake of Governor Greg Abbott's decision to repatriate $1 billion worth of state's gold from an underground vault in New York. The republican plans to store this gold in a 'yet-to-be-built' facility, a step that will circumscribe taxpayers' money from leaving Texas and will further circumvent the controversial Federal Reserve System. This means thats the Texans will be able to conduct gold-backed transactions to pay for goods and....
In mid-June, Texas Gov. Greg Abbott signed into law HB 483, paving the way for Texas to repatriate $1 billion in gold from an underground vault in Manhattan operated by HSBC bank, bringing it home to be stored in a yet-to-be-built Texas Bullion Depository, reports HNGN, which also speculated whether this is the first step in Texas' plan to secede. The gold is owned by the University of Texas' endowment fund. "Today I signed HB 483 to provide a secure facility for the State of Texas, state agencies and Texas citizens to store gold bullion and other precious metals,"Abbott said in an....
Everything is big in Texas, many would say. Today, the state is looking past its current state of finances by adding Bitcoin to its coffers–and making things bigger in terms of its economic implications. Related Reading: BTC Goes Corporate: Major Brazilian Firm Adopts BTC Strategy Texas became the first US state to establish a crypto […]
Texas Senator Charles Schwertner has refiled a strategic Bitcoin reserve bill under the new designation “SB 21,” removing the previous annual purchasing cap of $500 million and paving the way for significantly larger state-level investments in Bitcoin (BTC). The refiled legislation also broadens its reach to include other crypto assets that meet a specified market […]
Bitcoinist.net is proud to be a media partner for the Texas Bitcoin Conference. We will be in Austin for the Texas Bitcoin Conference streaming live, just like we did from the North American BTC conference and from the Insidebitcoin Conference from Berlin. “The Texas Bitcoin Conference will be held in the Technology and Conference Center, a state of the art, 44,000 square foot facility. This will be the biggest conference in the history of Bitcoin. The Texas Bitcoin Conference will allow attendees to explore this new technology from a host of angles. It will help answer the questions a....