CoinVoice has learned that Texas Governor Greg Abbott has passed House Bill 4488 (HB 4488), which aims to protect certain state government funds, including any Bitcoin reserves created outside of the state treasury, from being included in general revenue. The bill exempts the reserve fund and other special funds from the obligation to automatically dissolve in 2025.
Texas Governor Greg Abbott has not yet made a decision on Senate Bill 21 (SB21). The bill would authorize Texas to invest in Bitcoin and other cryptocurrencies with a market value of at least $500 billion. Currently, only Bitcoin meets this threshold.
Greg Abbott must sign or veto SB21 by June 22, as the bill was submitted to him on June 1. Because the bill was submitted just before the end of the legislative session, Texas law requires him to take action within 20 days after the recess. [Original link]
