Texas Bitcoin Reserve Fund Bill Heads to Final Adjustments in Joint Committee

The Texas Legislature is making final adjustments to Senate Bill 21 (SB21), which would authorize the state government to establish a Bitcoin reserve fund. The Senate has not yet accepted the House's amendments, leading to the formation of a joint committee to reconcile differences between the two chambers. BitcoinLaws reported on the legislative proceedings on the 27th.

Passed overwhelmingly by the House on the 22nd, SB21 requires re-approval by the Senate due to the inclusion of House amendments. Once signed by Governor Greg Abbott, the bill is expected to pass, making Texas the third state in the nation, following New Hampshire and Arizona, to hold Bitcoin reserves.

SB21 is part of Texas' strategic Bitcoin initiative...