{"id":662297,"date":"2024-12-13T14:17:23","date_gmt":"2024-12-13T14:17:23","guid":{"rendered":"https:\/\/ktsl888.com\/?p=662297"},"modified":"2024-12-13T14:48:16","modified_gmt":"2024-12-13T14:48:16","slug":"texas-bitcoin-reserve-great-news-for-stars-presale","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/texas-bitcoin-reserve-great-news-for-stars-presale\/","title":{"rendered":"Texas Fixin\u2019 to Start Strategic Bitcoin Reserve, Great News for $STARS Meme Coin Tracker Which Just Broke Through $15M in Presale"},"content":{"rendered":"<p>Texas is moving forward with plans to introduce a strategic Bitcoin reserve. State Rep. Giovanni Capriglione announced yesterday that he has submitted a bill that will enable the state to accept donations, fees, and taxes in the form of bitcoin, with the condition that it be held for a minimum of five years.<\/p>\n<p>\u201c<em>Probably the biggest enemy of our investments is inflation,<\/em>\u201d said Capriglione. \u201c<em>A strategic bitcoin reserve, investing in bitcoin, would be a win-win for the state.<\/em>\u201d<\/p>\n<p>Texas is the second US state to consider incorporating Bitcoin into its financial strategy. In November this year, legislation to form the <a href=\"https:\/\/www.steptoe-johnson.com\/news\/pennsylvania-joining-the-united-states-in-proposing-a-bitcoin-strategic-reserve-implications-for-the-energy-industry\/#:~:text=On%20November%2019%2C%20Pennsylvania%20Representative,its%20treasury%20reserves%20into%20Bitcoin.\" target=\"_blank\" rel=\"noopener nofollow\">Pennsylvania Bitcoin Strategic Reserve<\/a> was introduced, with plans to allocate up to 10% of its treasury reserves to Bitcoin.<\/p>\n<p>This came after the Pennsylvania House of Representatives passed what is informally called the Bitcoin Rights Bill in October, giving Pennsylvania residents the option of Bitcoin as a potential payment method while safeguarding their rights to manage their own cryptocurrency.<\/p>\n<p>\u201c<em>By enacting this legislation, we can make the Commonwealth a friendly place for blockchain innovation and provide our citizens with the tools to engage in the digital economy safely,<\/em>\u201d according to Rep. Mike Cabell, who sponsored House Bill 2481 \u2013 or the Digital Assets Authorization Act \u2013 as it is formally known.<\/p>\n<h2>What Does This Mean for the Crypto Economy?<\/h2>\n<p>The moves to establish strategic Bitcoin reserves by both Texas and Pennsylvania are positive news for the cryptocurrency economy, albeit at state-level, not yet federal. However, Dennis Porter \u2013 CEO of NPO <a href=\"https:\/\/www.satoshiaction.io\/\" target=\"_blank\" rel=\"noopener nofollow\">Satoshi Action Fund<\/a>, who worked with Capriglione on the draft legislation \u2013 is optimistic.<\/p>\n<p>\u201c<em>The state level, in our opinion, is the best place to create political momentum for bitcoin,<\/em>\u201d he said in an <a href=\"https:\/\/www.cnbc.com\/2024\/12\/12\/texas-house-introduces-bill-to-establish-a-strategic-bitcoin-reserve.html\" target=\"_blank\" rel=\"noopener nofollow\">interview on CNBC New York<\/a>. \u201c<em>The very best thing that we can be doing is passing this legislation at the state level, providing political momentum for federal legislation.<\/em>\u201d<\/p>\n<p>Bitcoin, which has been experiencing a post-US election boom \u2013 reaching the $100k milestone \u2013 continued to rally following yesterday\u2019s announcement of Texas\u2019 Strategic Bitcoin Reserve, although at the time of writing, it had dipped slightly.<\/p>\n<figure id=\"attachment_662315\" aria-describedby=\"caption-attachment-662315\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-662315\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-price-large.png?w=860&#038;resize=1200%2C607\" alt=\"Bitcoin rallied following the announcement of the Texas&#039; Strategic Bitcoin Reserve Bill\" width=\"1200\" height=\"607\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-price-large.png?w=2126 2126w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-price-large.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-price-large.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-price-large.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-price-large.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-price-large.png?w=2048 2048w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-price-large.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Bitcoin-price-large.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-662315\" class=\"wp-caption-text\">Bitcoin rallied following the announcement of the Texas Strategic Bitcoin Reserve Bill. Source: CoinMarketCap<\/figcaption><\/figure>\n<p>\u201c<em>Over its short history, Bitcoin has seen both major surges and sell-offs,<\/em>\u201d asset manager BlackRock noted in a report released earlier this week. BlackRock\u2019s iShares Bitcoin Trust ETF currently manages some $53.8bn in assets.<\/p>\n<p>The Black Rock report adds that this volatility, \u201c<em>plus Bitcoin\u2019s unique characteristics, raises the question of what role it should play in portfolios.<\/em>\u201d The financial giant advises that investors place a maximum of 2% of Bitcoin in their portfolio.<\/p>\n<h2>It\u2019s Not Only Bitcoin That\u2019s In The Pound Seat<\/h2>\n<p>Bitcoin\u2019s rally is great news for other tokens \u2013 because when Bitcoin goes up, they tend to go up, too. And that includes the <a href=\"https:\/\/ktsl888.com\/best-meme-coins\/\" target=\"_blank\" rel=\"noopener \">best meme coins<\/a>.<\/p>\n<p>Take <a href=\"https:\/\/newsbtc.care\/box_2d2d6d0c9d2547d2470ea49c17776cbf\" target=\"_blank\" rel=\"noopener nofollow\"><strong>Crypto All-Stars ($STARS)<\/strong><\/a>, for instance. This meme coin\/DeFi token is currently on presale, and with a 200% APY and excitement surrounding its upcoming MemeVault, Crypto All-Stars is proving to be a massive success so far.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-662332\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Crypto-All-stars-2.png?w=860&#038;resize=1200%2C632\" alt=\"The Crypto All-Stars ($STARS) presale is ending soon\" width=\"1200\" height=\"632\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Crypto-All-stars-2.png?w=1100 1100w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Crypto-All-stars-2.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Crypto-All-stars-2.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Crypto-All-stars-2.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Crypto-All-stars-2.png?w=750 750w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>$STARS has already raised over $15.3M, but with just seven days left until its official launch, time is running out if you want to buy $STARS at a presale bargain. Don\u2019t forget to DYOR, though. Take a look at <a href=\"https:\/\/x.com\/all_star_coinOT\" target=\"_blank\" rel=\"noopener nofollow\">Crypto All-Stars on X<\/a> to start your homework.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Texas is moving forward with plans to introduce a strategic Bitcoin reserve. State Rep. Giovanni Capriglione announced yesterday that he has submitted a bill that will enable the state to accept donations, fees, and taxes in the form of bitcoin, with the condition that it be held for a minimum of five years. \u201cProbably the biggest enemy of our investments is inflation,\u201d said Capriglione. \u201cA strategic bitcoin reserve, investing in bitcoin, would be a win-win for the state.\u201d Texas is the second US state to consider incorporating Bitcoin into its financial strategy. In November this year, legislation to form the Pennsylvania Bitcoin Strategic Reserve was introduced, with plans to allocate up to 10% of its treasury reserves to Bitcoin. This came after the Pennsylvania House of Representatives passed what is informally called the Bitcoin Rights Bill in October, giving Pennsylvania residents the option of Bitcoin as a potential payment method while safeguarding their rights to manage their own cryptocurrency. \u201cBy enacting this legislation, we can make the Commonwealth a friendly place for blockchain innovation and provide our citizens with the tools to engage in the digital economy safely,\u201d according to Rep. Mike Cabell, who sponsored House Bill 2481 \u2013 or the Digital Assets Authorization Act \u2013 as it is formally known. What Does This Mean for the Crypto Economy? The moves to establish strategic Bitcoin reserves by both Texas and Pennsylvania are positive news for the cryptocurrency economy, albeit at state-level, not yet federal. However, Dennis Porter \u2013 CEO of NPO Satoshi Action Fund, who worked with Capriglione on the draft legislation \u2013 is optimistic. \u201cThe state level, in our opinion, is the best place to create political momentum for bitcoin,\u201d he said in an interview on CNBC New York. \u201cThe very best thing that we can be doing is passing this legislation at the state level, providing political momentum for federal legislation.\u201d Bitcoin, which has been experiencing a post-US election boom \u2013 reaching the $100k milestone \u2013 continued to rally following yesterday\u2019s announcement of Texas\u2019 Strategic Bitcoin Reserve, although at the time of writing, it had dipped slightly. \u201cOver its short history, Bitcoin has seen both major surges and sell-offs,\u201d asset manager BlackRock noted in a report released earlier this week. BlackRock\u2019s iShares Bitcoin Trust ETF currently manages some $53.8bn in assets. The Black Rock report adds that this volatility, \u201cplus Bitcoin\u2019s unique characteristics, raises the question of what role it should play in portfolios.\u201d The financial giant advises that investors place a maximum of 2% of Bitcoin in their portfolio. It\u2019s Not Only Bitcoin That\u2019s In The Pound Seat Bitcoin\u2019s rally is great news for other tokens \u2013 because when Bitcoin goes up, they tend to go up, too. And that includes the best meme coins. Take Crypto All-Stars ($STARS), for instance. This meme coin\/DeFi token is currently on presale, and with a 200% APY and excitement surrounding its upcoming MemeVault, Crypto All-Stars is proving to be a massive success so far. $STARS has already raised over $15.3M, but with just seven days left until its official launch, time is running out if you want to buy $STARS at a presale bargain. Don\u2019t forget to DYOR, though. Take a look at Crypto All-Stars on X to start your homework.<\/p>\n","protected":false},"author":664,"featured_media":662352,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-662297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\n<title>Texas Strategic Bitcoin Reserve is Great News for $STARS Presale<\/title>\n<meta name=\"description\" content=\"A cryptocurrency win as Texas introduces a bill to form a Strategic Bitcoin Reserve \u2014 which helps catapult other meme coins like $STARS.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/texas-bitcoin-reserve-great-news-for-stars-presale\/\" 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