Texas House committee passes Bitcoin reserve bill for full floor vote

A Texas House Committee has passed a Republican-backed bill to create a Bitcoin reserve, which now only needs a successful full floor vote before heading to the governor’s desk. The Texas House Committee on Delivery of Government Efficiency passed Senate Bill 21 with no amendments on May 7 in a 9-4 vote along party lines. The bill has already passed the Texas Senate, in a 25-5 vote on March 6. SB 21 would establish the “Texas Strategic Bitcoin Reserve,” controlled by the state’s comptroller — currently Glenn Hegar — who would be permitted to invest in digital assets that have obtained a market cap of at least $500 billion over the last twelve months, which would currently only include Bitcoin (BTC) source: https://cointelegraph.com/news/texas-house-committee-passes-bitcoin-reserve-bill-for-full-floor-vote?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound