Rep. Ron Reynolds filed House Bill 815 on Monday, allowing each Texas city or county to put up to $10 million of public money into bitcoin starting Sept. 1, 2027.
Sen. Bill Hagerty explains why CBDCs threaten freedom, how regulatory ambiguity enabled SEC overreach, and what Congress can accomplish before January.
A dispute between the Treasury and Commerce departments over who should oversee the proposed U.S. Strategic Bitcoin Reserve has delayed its rollout more than a year after President Trump ordered its creation, according to a Bloomberg report.
Treasury Secretary Scott Bessent told the Senate Finance Committee that the Trump administration is moving forward with a Strategic Bitcoin Reserve and urged Congress to pass the BITCOIN Act and Clarity Act to solidify and expand the effort.
The White House is nearing a formal announcement on a U.S. Strategic Bitcoin Reserve, with Patrick Witt saying the administration has already cleared a key legal hurdle.
Senators Bill Cassidy and Cynthia Lummis introduced the “Mined in America Act” to reshore U.S. bitcoin mining, reduce reliance on Chinese hardware, and codify a Strategic Bitcoin Reserve into law.