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Regulation
Texas Lawmaker Introduces Bill Allowing Cities to Invest Up to $10 Million in Bitcoin
(4 hours ago) · 1 source · Summarized by CryptoBipto
A Texas state representative has filed a bill that would permit cities in the state to invest up to $10 million in Bitcoin. The proposal would give local governments the option to allocate a portion of their funds to the cryptocurrency. The bill has been filed but has not yet been voted on or enacted into law.
WHY IT MATTERS
City governments typically invest public money in very safe, traditional assets like government bonds or savings accounts.
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SOURCES
- bitcoinmagazine.com
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BTCBitcoin LegislationMunicipal InvestmentTexas RegulationGovernment Adoption