Bitcoin took center stage on a global level when it crossed the $100,000 milestone, sparking international discussions about incorporating it into national treasuries. The U.S. is now joining the conversation, with states like Texas and Pennsylvania leading the charge by introducing Strategic Bitcoin Reserve legislation.
This move comes as newly re-elected President Trump explores adding Bitcoin to the nation’s reserves. Bitcoin experts assert this initiative, driven by growing recognition of Bitcoin as a hedge against inflation and fiscal instability, marks the beginning of a broader push toward state-level cryptocurrency adoption.
Texas, a stronghold of pro-Bitcoin sentiment, has advanced legislation to incorporate Bitcoin into its financial reserves. Senator Ted Cruz (R) is an outspoken advocate for Bitcoin and cryptocurrencies. He believes Bitcoin mining can benefit Texas’s energy grid by utilizing excess energy, aligning with Texas’s deregulated energy market.
Cruz has previously discussed how Bitcoin can protect financial freedoms and has emphasized decentralization as an economic advantage
Meanwhile, Pennsylvania lawmakers are proposing that up to 10% of the state treasury be allocated to Bitcoin. The strategy positions Bitcoin as a critical asset to diversify reserves and protect against U.S. dollar devaluation.
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