Bitcoin miner Riot tells Texas Congress state Bitcoin reserve needed to 'prepare for future downturns'

Riot Platforms’ VP of Research, Pierre Rochard, yesterday testified before the Texas Senate Committee on Business and Commerce in support of Senate Bill 21, which would establish a state Bitc...

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Bitcoin miner Riot tells Texas Congress state Bitcoin reserve needed to 'prepare for future downturns'

Source: CryptoSlate

Riot Platforms’ VP of Research, Pierre Rochard, yesterday testified before the Texas Senate Committee on Business and Commerce in support of Senate Bill 21, which would establish a state Bitcoin reserve. His testimony on Feb. 18 detailed the proposal’s role in strengthening state finances amid economic uncertainty and emphasized Bitcoin’s verifiable ledger and capped supply […]