Texas’s SB21 bill for a Strategic Bitcoin Reserve has passed through the Senate and will now move to the governor’s office for approval. The legislative support was strong, with a final vote of 24-7. If ratified, Texas will join New Hampshire and Arizona with similar laws.
Approval of the bill would allow the Texas Comptroller to create a crypto reserve funded by state investment funds. An advisory committee will be established to set investment policies, and the Comptroller will need to publish financial reports every two years.
Leave a Reply