Crypto Gloom

Texas Bitcoin Reserve Bill Clears Committe, Floor Voting Officer

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The Texas’ House of Representatives passed the Bitcoin Protection Zone Act, which Republicans are backed up, and now only the overall voting is required before heading to the Governor’s desk for the final decision.

The Texas House of Representatives, on the provision of government efficiency, passed the Senate bill 21 with 9-4. vote On May 7, the amendment to this bill was not requested, and the bill has already passed the Texas Senate with a March 25-5 vote.

Will Texas be the US Bitcoin capital?

Texas Bitcoin Reserve Bill is a state manager that can invest in passwords.

SB 21 will establish a “Texas Strategic Bitcoin Reserve” to control the main auditor Glenn HEGAR.

Hegar has been able to invest in digital assets that have maintained a market cap of more than $ 500 billion over the past 12 months. Currently, Leading Crypto Bitcoin (BTC) is the only digital asset that meets this standard.

SB 21 was first introduced in January as a Bitcoin -only bill. But next month, it was re -executed as an amendment that could include other passwords that met the market capitalization criteria.

According to Bitcoin Laws founder Julian Fahrer, the decision on SB 21 should be known before June 2. This is when the legislature is on the holiday.

If the bill receives the entire layer, it will be directed to Greg Abbott Governor for the final decision. I already have Abbot expression His desire to make a lonely star into an American encryption capital.

Texas is likely to join the state that signed the law on Bitcoin Reserve Bills.

The Texas voting continues immediately after the Arizona Governor and Governor New Hampshire recently signed the bill on the Bitcoin Reserve Act.

Katie Hobbs Arizona Governor has approved a bill that allows the state to maintain an unclear encryption and establish a Bitcoin and Digital Asset Protection Zone. The state can also be rewarded or air drop by steaking abandoned encryption.

Similarly, New Hampshire Governor Kelly Ayotte signed the House Bill 302 on May 6, allowing the State Finance to invest in encryption with more than $ 500 billion in market cap.

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