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Texas became the first state to invest state dollars in cryptocurrency with a $5 million purchase of bitcoin.

The purchase was made possible by bipartisan legislation that created a state cryptocurrency investment fund.

At least 40 states considered legislation related to digital assets this year, with several creating similar funds.

Texas recently became the first state to make a major investment in cryptocurrency with the purchase of about $5 million worth of bitcoin.

The state comptroller’s office, which manages financial transactions and long-term investments, confirmed the transaction to The Dallas Morning News. The purchase followed bipartisan legislation that passed this year creating a state cryptocurrency investment fund.

Similar legislation has

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