Latest update on the Bitcoin Reserve Bill in Texas - SB 21

The report from the Conference Committee for SB 21 has been published, recommending that the bill should be passed.

The negotiation results between the House and Senate versions of SB 21 are as follows:

Approval of the House amendment: The reserve asset must have a market capitalization of > 500 million USD for at least 24 months.

At the same time, the provision from the House has been removed: The Office of the Comptroller is not allowed to stake reserve assets.

The bill is closer to officially becoming law. Awaiting final votes in both chambers and the signature of the state governor.