3 days ago
A Bitcoin reserve measure passed by the Texas Senate has made advancement successful the House, advancing retired of committee to caput to the floor.
A Texas House Committee has passed a Republican-backed measure to make a Bitcoin reserve, which present lone needs a palmy afloat level ballot earlier heading to the governor’s desk.
The Texas House Committee connected Delivery of Government Efficiency passed Senate Bill 21 with nary amendments connected May 7 successful a 9-4 vote on enactment lines. The measure has already passed the Texas Senate, successful a 25-5 ballot connected March 6.
SB 21 would found the “Texas Strategic Bitcoin Reserve,” controlled by the state’s comptroller — presently Glenn Hegar — who would beryllium permitted to put successful integer assets that person obtained a marketplace headdress of astatine slightest $500 cardinal implicit the past 12 months, which would presently lone see Bitcoin (BTC).
Source: Pierre RochardRepublican Senator Charles Schwertner initially introduced SB 21 successful January arsenic a Bitcoin-only bill.
However, the bill was refiled to see the imaginable inclusion of different integer assets successful February.
Bitcoin Laws laminitis Julian Fahrer said connected X that the destiny of SB 21 should beryllium determined earlier June 2, erstwhile the Texas legislature adjourns.
If the measure sees a palmy afloat level vote, it would caput to Governor Greg Abbott’s desk. Abbott expressed his tendency to marque Texas the “crypto capital” of the US successful November and accepted Bitcoin donations arsenic portion of his run successful 2014
Two Bitcoin reserve bills present signed into law
The Texas ballot comes the aforesaid time arsenic Arizona Governor Katie Hobbs signed a measure into law that allowed the authorities to support unclaimed crypto and found a Bitcoin and Digital Asset Reserve Fund that won’t usage payer oregon authorities funds.
The authorities tin besides involvement abandoned crypto to gain rewards or person airdrops, which tin past beryllium deposited into its crypto fund.
Related: Swedish MP proposes Bitcoin reserve to concern minister
New Hampshire Governor Kelly Ayotte besides signed House Bill 302 into law days earlier connected May 6, allowing the state’s treasury to usage funds to put successful cryptocurrencies with a marketplace headdress of much than $500 billion.
Florida, however, removed 2 Bitcoin reserve bills connected May 3 — a time erstwhile authorities lawmakers passed 230 bills ranging from prohibiting putting fluoride successful water, protecting authorities parks, and banning smartphone usage successful schools.
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