Bitcoin seems here to stay, and especially in Texas, where mining facilities are popping up like strip malls and high-rise condominiums. Now a Texas legislator hopes to establish a reserve for Bitcoin right here in the Lone Star State.

Texas, home to the world's eighth-largest economy, may create a bitcoin treasury fund to hedge against inflation.

( NewsNation) — A bill that has been introduced in the Texas Legislature would allow residents to use bitcoin to pay their taxes and make other political contributions and charitable donations.

A bill that has been introduced in the Texas legislature could set a precedent for the rest of the country, giving residents an alternative to traditional payments. NewsNation's Xavier Walton reports for "Morning in America" about what the proposed law would allow for and its chances of passing.

Policy makers explain how Texas' Strategic Bitcoin Reserve will impact the economy and taxpayers who may be able to pay taxes in crypto.

Texas proposes strategic Bitcoin reserve, allowing taxes and fees in Bitcoin, aiming to combat inflation and lead crypto adoption nationwide.

Today, Texas State Representative Giovanni Capriglione officially filed for a Strategic Bitcoin Reserve bill for the state of Texas during a 𝕏 spaces with Dennis Porter of Satoshi Action Fund, a Bitcoin advocacy organization working with politicians on pro-Bitcoin legislation.

Frank Richard Ahlgren III, an Austin-based Bitcoin investor, was sentenced to two years in prison for tax evasion related to his $1 million in cryptocurrency gains.

A member of the Texas House of Representatives just proposed a new legislation that will enable the Lone Star State to establish a strategic Bitcoin (BTC) reserve within its treasury.

Texas has followed in the footsteps of Pennsylvania as State Rep. Giovanni Capriglione introduced the bill to the state's House Thursday and filed the proposed legislation during an X Spaces.