Bitcoin Reserve: After Arizona, Texas Joins Race With Fresh BTC Bill

Quick Summary:

US States have been racing to build their strategic Bitcoin Reserves, with Texas recently passing the SB 21 bill, as it proceeds to a floor vote.

This decision comes soon after Arizona also passed a law to enact its own strategic reserves.

On the other hand, the US Federal Reserve has kept interest rates unchanged at 4.25-4.5%, for the third consecutive time, after the Jan and March meetings earlier this year.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: IndiaChina

Topics: Bitcoin (BTC) Price Bitcoin Reserve Bitcoin News 24/7 Cryptocurrency News Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-08 @ 05:07:14 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 404 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 28487721

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Main Topics: Crypto

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News Last Updated: 8 hours ago

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