The Texas Bitcoin Reserve Bill Awaits Final Vote
AI Summary
According to PANews, the Texas Bitcoin Reserve Bill is scheduled for a second reading on May 20, which is a critical step before the final vote. If the bill, known as SB 21, is not passed by the close of the legislative session on June 2, it will lose its effectiveness and will need to be reintroduced in the next session. If it is approved by the entire House by June 2, it will be sent to Governor Greg Abbott for approval.
Previously, the Texas House Committee approved the Bitcoin Reserve Bill, advancing it to a full vote in the House. This development is part of ongoing efforts in various U.S. states to establish strategic Bitcoin reserves.