**Major Update: Texas Senate Approves Bitcoin Stockpile Legislation**
In a groundbreaking action, the Texas Senate has sanctioned a legislative measure that might unlock the path for the state to possess Bitcoin as a calculated stockpile resource. Toncoin (TON) Value Forecast for March 26th
Senate Bill 21, additionally recognized as the Calculated Bitcoin Stockpile Legislation (CBSL), cruised through the Senate with a tally of 25-5. This is a noteworthy stride ahead, specifically taking into account analogous propositions that have met with hindrances in other states.
Senator Charles Schwertner, a primary advocate of the legislation, underscored Bitcoin’s allure because of its restricted quantity and flexibility.
The legislation, originally presented on February 12, specifies that the stockpile would be financed through allotments, incomes, and contributions. While it does not establish explicit investment caps, it unlocks the door for investments in Bitcoin or other cryptocurrencies with a market capitalization of at least $500 billion.
Texas is presently amongst over 20 states that have presented comparable calculated Bitcoin stockpile legislations, signaling an escalating interest in exploring the capacity of digital resources at the state level.
