The Texas Bitcoin Reserve Fund will be used to hold cryptocurrencies with a market value of at least $500 billion

According to (Bitcoin.com), the state of Texas in the United States will create a fund managed by the state government to hold Bitcoin and other cryptocurrencies. The Auditor General of Texas will be responsible for overseeing the reserve, which will hold at least $500 billion worth of cryptocurrency and be eligible for state budget appropriations. In addition, a Strategic Bitcoin Reserve Advisory Committee has been established to provide guidance for managing the fund and to require a report on its holdings every two years. Previously, the Texas Senate passed the SB 21 bill, which would allow the state to invest some public funds into digital assets, particularly Bitcoin. The bill still needs to be approved by the House of Representatives and signed by the governor before it can become law.