According to an Axios report from Foresight News, the Texas House of Representatives passed SB 21 last week and sent the bill back to the Senate, which has approved it with minor modifications. Senate Bill 21 will establish a cryptocurrency investment fund outside the state treasury under the supervision of the state auditor, with a five-member advisory committee, including the auditor, who will develop investment policies and must publish a financial status report every two years. Texas is currently the largest Bitcoin mining state.
Texas legislature passes strategic bitcoin reserve bill
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