US EditionTexas Passes Measure to Create a State Crypto Reserve as Bitcoin Tops $105K
- On May 20, the Texas House passed Senate Bill 21, establishing a state-managed bitcoin reserve overseen by the comptroller.
- This bill follows similar efforts at the federal level, including President Trump's earlier executive order on a federal crypto stockpile, amid rising bitcoin prices above $107,000.
- The bill passed 105-23 with bipartisan support but faced criticism over volatility and limited oversight, reflecting tensions between crypto enthusiasm and fiscal conservatism.
- State Rep. Giovanni Capriglione called the bill a "forward-thinking measure" to strengthen Texas’s fiscal resilience and leadership in digital assets.
- If signed by Governor Abbott, the reserve will mark a major policy victory for crypto in Texas, potentially attracting investment while raising debates on government involvement in volatile assets.
13 Articles
13 Articles
Lawmakers propose new bill to lessen crypto industry's impact on households: 'We need to rise to the challenge'
Cryptocurrency miners and data centers have found a home in Texas because of abundant, cheap electricity. However, as CCN reported, newly proposed legislation could create stricter standards to limit these activities because they are raising utility rates for households. What are cryptocurrency mining regulations? Cryptocurrency regulations focus on energy consumption, tax considerations, and environmental impacts. Multiple states have laws to…
Texas Bitcoin Reserve Bill Requires Regular Report
The Texas House of Representatives has officially passed the Bitcoin reserve bill, marking a pivotal moment in state financial policy. With a 101–42 vote, the bill advanced with bipartisan backing and now awaits the governor’s review. If signed, Texas would establish a state-managed Bitcoin reserve to strengthen its economic strategy. Texas Bitcoin Reserve Bill Requires Regular Report The Bitcoin reserve bill authorizes the state comptroller to …
Texas passes measure to create a state crypto reserve as Bitcoin tops $105K - TECHTELEGRAPH
The Texas House of Representatives voted on Tuesday to approve a state bitcoin reserve bill, sending the year’s highest-profile piece of crypto-related legislation to the governor’s desk for a likely signature. Senate Bill 21 would create the framework for the Lone Star State to stockpile bitcoin and potentially other cryptocurrencies, with control of the reserve, and any potential buying and selling therein, falling under the purview of the sta…
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