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Texas Moves Closer to Bitcoin Reserve Law—Wall Street’s Worst Nightmare Inches Forward
Texas Moves Closer to Bitcoin Reserve Law—Wall Street’s Worst Nightmare Inches Forward
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Texas lawmakers just turbocharged their Bitcoin reserve bill—clearing a critical hurdle as it barrels toward final approval. The ’Lone Star State’ could soon be sitting on a digital gold stash while traditional banks sweat over their fiat relics.
Why this matters: If passed, Texas would become the first state to treat Bitcoin like a strategic reserve asset—not just some speculative toy. Take that, New York.
The finance jab: Meanwhile, hedge funds are still trying to explain to their LPs why they missed the Bitcoin train... again.
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