Latest updates 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 outcomes of the negotiations between the House and Senate versions of SB 21 are as follows:

Approval of House amendments: Mandatory reserve assets must have a market capitalization > 500 million USD for at least 24 months.

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

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