3 weeks ago
If signed into law, the measure would let the Texas comptroller to found a Bitcoin reserve and put successful prime cryptocurrencies based connected marketplace headdress criteria.
The Texas House of Representatives has passed the 3rd speechmaking of SB 21, a measure that seeks to found a strategical Bitcoin reserve successful the state. The measure passed via a 101-42 ballot and volition present spell to Texas Governor Greg Abbott’s table for either a signature oregon a veto.
SB 21, authored by authorities Senator Schwertner, establishes a Bitcoin (BTC) reserve that is managed by the state’s comptroller. The authorities allows the comptroller to put successful immoderate cryptocurrency with a marketplace headdress supra $500 cardinal implicit the erstwhile 12-month period. Currently, the lone cryptocurrency fitting the requirements is Bitcoin.
Rep. Capriglione presenting SB 21. Source: Bitcoin LawsBefore the vote, authorities typical Capriglione said to the enclosure that the measure was a “pivotal infinitesimal successful securing Texas’s enactment successful the integer property with the transition of our strategical Bitcoin reserve. Now, we clasp a modern plus with accepted properties for aboriginal promise.”
This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.
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