In a bold move, the Texas legislature passed an emergency bill declaring Bitcoin legal tender alongside the U.S. dollar. Governor Sarah Cortez signed the measure, citing the need to “embrace the future of finance” and offer citizens more monetary freedom.
The law requires state agencies to accept Bitcoin for payments and encourages private businesses to follow suit.
Federal Reserve officials expressed concern, warning the move could complicate national monetary policy and financial stability.
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Economists caution that Texas’ decision may spur similar initiatives nationwide but also risks creating regulatory conflicts.
Businesses in major cities like Houston and Dallas have begun preparing for Bitcoin transactions, while financial institutions watch closely.
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