State bitcoin reserve plans proliferate

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Amid ongoing speculation about an American strategic bitcoin reserve, several US states are looking to take matters into their own hands. 

“It’s time for Texas to lead the way in establishing a strategic bitcoin reserve,” Texas senator Charles Schwertner wrote in a Wednesday X post. 

The GOP lawmaker’s proposal calls bitcoin a valuable digital asset “with strategic potential for enhancing this state’s financial resilience.” Its decentralized nature and finite supply are “unique qualities that can serve as a hedge against inflation and economic volatility.”

The…

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