logo
welcome
CNBC

CNBC

Texas House introduces bill to establish a strategic bitcoin reserve

CNBC
Summary
Nutrition label

80% Informative

Texas has the highest concentration of bitcoin miners in the U.S. State Rep. Giovanni Capriglione introduces a bill to establish a bitcoin reserve.

The bill would allow the state to start building a strategic bitcoin reserve by accepting taxes, fees and donations in bitcoin that would be held for a minimum of five years .

Bitcoin has rallied more than 45% as hopeful investors bet the establishment of one will boost its price.

VR Score

83

Informative language

82

Neutral language

70

Article tone

semi-formal

Language

English

Language complexity

60

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

1

Source diversity

1

Affiliate links

no affiliate links