Texas Bitcoin Reserve Bill to be reviewed again on May 20
The Texas State Legislature is advancing bill SB21 to create the Texas Strategic Bitcoin Reserve, set for a second review on May 20. If passed, Texas will join New Hampshire and Arizona in establishing a Bitcoin reserve. The bill allows the state comptroller to create a special fund to purchase digital assets valued over $500 billion, initially limited to Bitcoin. Funding may come from various sources, and reserve assets will be stored in cold wallets under the supervision of an advisory committee.
18 May 09:54
