Texas House passes strategic Bitcoin reserve bill

The Texas House of Representatives has passed the third reading of SB 21, a bill that seeks to establish a strategic Bitcoin reserve in the state. The bill passed via a 101-42 vote and will now go to Texas Governor Greg Abbott’s desk for either a signature or a veto. SB 21, authored by state Senator Schwertner, establishes a Bitcoin (BTC) reserve that is managed by the state’s comptroller. The legislation allows the comptroller to invest in any cryptocurrency with a market cap above $500 billion over the previous 12-month period source: https://cointelegraph.com/news/texas-house-passes-strategic-bitcoin-reserve-bill?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound