Texas Representative calls for the establishment of a Bitcoin reserve

On December 22, Texas State Representative Giovanni Capriglione proposed a bill in December calling for the "Lone Star State" to establish a Bitcoin reserve. The draft of the bill stipulates that Texas must hold Bitcoin for at least five years. According to the bill, cryptocurrencies must be stored in cold storage, i.e., on a device not connected to the internet, and these assets may not be used for transactions outside of Texas.