Texas to hold first public hearing on establishing strategic Bitcoin reserve on February 18

Odaily News The first public hearing in Texas on the creation of a potential strategic Bitcoin reserve is scheduled for Feb. 18. Nexo scheduling analyst Iliya Kalchev said that while the hearing is a positive step in promoting Bitcoin adoption, it may represent only a “token move” for the cryptocurrency market.
Kalchev believes: “Texas’ recognition of Bitcoin as a reserve asset is another step towards institutional legitimacy for BTC, but compared to ETF inflows or corporate allocations, state-level initiatives tend to cause ripples rather than waves.”
He added: “Unless the hearing reveals near-term purchase plans or major policy shifts, the market reaction is likely to be muted, as Texas’ pro-crypto stance is already well known.” (Cointelegraph)