US EditionTexas House committee passes Bitcoin reserve bill for full floor vote
- On May 7, Senate Bill 21, which proposes the creation of a state Bitcoin reserve in Texas, was approved by the House panel responsible for overseeing government efficiency.
- This bill follows similar legislation recently enacted by Arizona and New Hampshire as US states race to establish strategic Bitcoin reserves amid growing digital asset interest.
- Senate Bill 21 authorizes the Texas Comptroller—Glenn Hegar at present—to invest state funds exclusively in digital assets that have consistently maintained a market capitalization exceeding $500 billion, which currently limits purchases to Bitcoin.
- The committee advanced the bill with a 9-4 party-line vote, and it now awaits a vote on the full House floor before being sent to Governor Greg Abbott, who has expressed support for positioning Texas as a leading center for digital asset activities.
- If passed, Texas would formally integrate Bitcoin into its treasury strategy as the first state to hold a Bitcoin reserve, signaling broader acceptance of digital assets in state financial management.
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18 Articles
Texas on the Brink of Authorizing a Bitcoin Reserve
Texas Poised to Lead Amidst Varied State Crypto Stances Amidst a diverse landscape of state-level approaches to cryptocurrency, what underpins Texas’s apparent confidence in pioneering a Bitcoin reserve? The state of Texas has taken a significant step with Senate Bill 21 (SB 21) to create what would be the United States’ inaugural state-administered Bitcoin reserve. While New Hampshire has been proactive in digital asset adoption, Florida has no…
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Crypto News Wire - Latest Crypto News And AnalysisTaiwan lawmaker calls for Bitcoin reserve at national conference
The post Taiwan lawmaker calls for Bitcoin reserve at national conference appeared first on Daily Truth Report • DailyTruthReport.com.
Taiwan Legislator KO JU-CHUN Advocates for Crypto Integration in Reserves at the National Conference on May 9th
In an important statement in the National Conference given on May 9th, Taiwan Legislator KO, JU-CHUN, proposes Bitcoin as a diverse reserve option for Taiwan. KO’s argument emphasizes the ability of Bitcoin to provide a hedge against the global events that threaten the world economy. Further, the NGOs of Taiwan to take serious consideration of Bitcoin as they do of the traditionally accepted assets of Gold and Foreign Exchange Reserves. Accordin…
Texas Pushes Forward With SB 21 Bill
Texas is once more generating news not only for its energy industry or independent streak but also for its state-wide leadership in Bitcoin adoption. Senate Bill 21 (SB 21), a suggested legislation establishing a Bitcoin reserve for the state of Texas, has been advanced by the Texas Senate. Should it be approved, Texas would become the first state in the United States to formally own Bitcoin on its balance sheet, therefore opening the path for …
Texas Advances Strategic Bitcoin Reserve Bill To Final Vote
Texas lawmakers have advanced the Strategic Bitcoin Reserve (SBR) bill to the final stage, which could make it the third state in the US with crypto reserves. This move follows the steps of Arizona and New Hampshire, which recently signed two SBR bills into law. Texas Bitcoin Reserve’s Fate To Be Decided By June 2 On Wednesday, the Texas House Committee on Delivery of Government Efficiency (DOGE) passed Senate Bill 21 (SB 21), advancing to the n…
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