Texas Legislature Advances Cryptocurrency Investment Fund Proposal

According to Foresight News, the Texas House of Representatives recently passed Senate Bill 21, sending it back to the Senate, which has approved the bill with minor amendments. The legislation proposes the establishment of a cryptocurrency investment fund outside the state treasury, overseen by the Texas Comptroller. A five-member advisory committee, including the Comptroller, will be responsible for developing investment policies. The Comptroller is required to publish a financial status report every two years. Texas remains the largest state for Bitcoin mining operations.