On Thursday (December 12th) local time, the official website of the Texas State House of Representatives showed that Republican state legislator Giovanni Capriglione submitted a legislative draft to establish a strategic Bitcoin reserve within the state. Capriglione stated in an audio chat room on social media X that the proposed bill will enable Texas to begin establishing a Bitcoin strategic reserve by accepting taxes, fees, and donations in the form of Bitcoin, which will be held for at least five years.