Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, the Texas Senate has passed a bill to create a Bitcoin strategic reserve. Solana co-founder Anatoly Yakovenko said a US national crypto reserve could undermine decentralization. Meanwhile, defunct crypto exchange Mt. Gox has moved 12,000 Bitcoin amid a crypto market slump.

The Texas Senate passed the Bitcoin (BTC) strategic reserve bill SB-21 in a 25-5 vote on March 6, following a fierce debate on the state Senate floor.

Texas State Senator Charles Schwertner, who introduced the legislation, argued for the bill and said it would help Texas shore up its balance sheet with a valuable, scarce asset.

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