Senate Bill 21 proposes to create a Texas Strategic Bitcoin Reserve, governed by the state comptroller, with the ability to invest in digital assets valued at over 500 billion USD. Initially introduced solely for Bitcoin, the bill has been amended to consider other digital assets as well.
As it stands, this bill needs to pass a full vote in the Texas House before reaching Governor Greg Abbott. There is hope for a decision before June 2, when the legislative session concludes, aligning with Abbott’s vision of making Texas a leading hub for cryptocurrency.
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