Texas Rep. Giovanni Capriglione proposes a bill to allow Texas to collect taxes and hold Bitcoin.
Texas Representative Giovanni Capriglione has introduced a bill to establish a strategic Bitcoin reserve, allowing the state to collect taxes, fees, and donations in Bitcoin. The Bitcoin would be held for a minimum of five years, aiming to enhance the state's fiscal stability and position Texas as a leader in Bitcoin innovation. This move follows similar initiatives in Pennsylvania and could inspire other states to adopt similar legislation.
4 months ago
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