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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.
Vishruti Ganesh
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Texas House proposes strategic Bitcoin reserve amid rising crypto adoption
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19:24 12.12.2024
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