Texas House Bill (H.B.) 4258 authorizes the state’s comptroller to invest funds from the state’s Economic Stabilization Fund, often considered its “Rainy Day Fund”, into bitcoin and/or other cryptocurrencies.
Congressman Gabe Amo (D-RI) and Congresswoman Young Kim (R-CA) believe that blockchains can help protect democratic values, citing evidence of the Bitcoin blockchain being used to safeguard election results.
Congressman Nicholas “Nick” Begich (R-AK) is a long-term bitcoin holder who believes in Americans’ right to self custody their bitcoin and understands the importance of bitcoin as a strategic reserve asset for the United States.
With state-level jurisdictional sovereignty, the Catawba Digital Economic Zone seeks to create an environment conducive to the growth of the digital asset industry.