Breaking: Texas Passes Strategic Bitcoin Reserve Bill, Only One Step Before It Is Law

OMG! Texas Did WHAT With Bitcoin?! 🤑

Senators in Texas, bless their hearts, have passed the strategic Bitcoin reserve Bill. One might call it a historic move, though I suspect history will be far too busy laughing at us to notice. 😂

The indecent haste with which this Bill galloped through the readings suggests a certain… eagerness. Or perhaps merely a desire to be seen as forward-thinking, a quality as rare in lawmakers as a sincere compliment. American states, you see, are now jostling for dominance like debutantes fighting over the last cucumber sandwich.

According to an update from Bitcoin Laws (a source as reliable as a rumour whispered at a tea party), the SB 21 Bill passed the third reading by a vote of 101-42. One almost feels sorry for the 42. Almost.

The Texas Bitcoin Reserve Bill, What Now? 🤔

According to an X post (a platform known for its brevity, if not its accuracy), the Bill is likely to become law, having been thrust upon Governor Greg Abbott for his royal assent. In a Republican-controlled Senate, the SB 21 Bill pirouetted through the third reading with a majority vote of 101–42. Bravo! 👏

Notably, this bill seeks to create the Texas Strategic Bitcoin Reserve. A dedicated fund, you see, managed by the state comptroller, to invest in cryptocurrencies with a market… Well, I shall spare you the financial details. They are as tedious as a sermon on temperance. 😴

Read More at Coingape.com

One can only imagine the witty repartee that will ensue when the market inevitably crashes. It will be more dramatic than any of my plays! 🎭

Read More

2025-05-21 21:20