Senate Bill 21 authored by Sen. Charles Schwertner of Distsrict 5 unanimously passed the Senate Committee on Business and Commerce on Thursday, Feb. 27.
The bill would create the Texas Bitcoin Reserve. It now heads for the Senate Floor.
Schwertner, who is the committee’s chairman, contends that the reserve would allow Texas to diversify its investment approach and establish itself as the leader ad model for leveraging the benefi ts of an emerging asset.
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