The Texas Senate Bill 21, with significant bipartisan backing, has passed its second reading. This legislation aims to establish a Bitcoin reserve managed by the Texas Comptroller, marking Texas as the third state to implement such a initiative.
The bill accommodates altcoins valued over 500 billion USD for two consecutive years. The objective is to enhance Texas’s financial portfolio, ensuring investments in stable, reputable cryptocurrencies.
The bill is expected to pass the third reading smoothly, with Governor Greg Abbott likely to endorse it, solidifying Texas’s commitment to integrating Bitcoin into its financial strategies.
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