{
Andrew Sorrell

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Texas House proposes strategic Bitcoin reserve amid rising crypto adoption
The Texas House of Representatives has introduced a bill to establish a strategic Bitcoin reserve, aiming to hold the asset for at least five years and collect donations, taxes, and fees in Bitcoin to combat inflation. This initiative follows a surge in Bitcoin's value after Donald Trump's political success, with several states exploring similar measures. Meanwhile, a partnership between Tools for Humanity and Modulus Labs aims to enhance the security and scalability of the World network, which has seen significant user adoption despite regulatory challenges.
crypto.news
United States Dollar BlackRock, Inc. Kraken Energy Corp. USA Donald Trump Tim Ogilvie Cynthia Lummis Vishruti Ganesh Daniel Shorr Ende Shen Ryan Cao Makis Arsenis Anthony Scaramucci Ben Wilson Giovanni Capriglione Andrew Sorrell Show more
Cryptocurrency News, News Article
19:24 12.12.2024
Alabama State Auditor Proposes Strategic Bitcoin Reserve Amid Growing Interest
Alabama State Auditor Andrew Sorrell has proposed establishing a Strategic Bitcoin Reserve (SBR) to diversify the state's portfolio and protect against currency risks, amid rising interest in Bitcoin at both state and federal levels. He advocates for a cautious, two-year dollar-cost-averaging strategy for purchasing Bitcoin, emphasizing its long-term potential, with predictions of it reaching $1 million per coin. This initiative aligns with similar efforts in states like Florida and Pennsylvania, as well as federal plans under President-elect Trump.
Bitcoinist.com
Apple Inc. USA Donald Trump Andrew Sorrell Cynthia Lummis Show more
Cryptocurrency News, News Article
13:00 11.12.2024
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