SB 21, Texas is trying to create a Bitcoin reserve at the state level, acknowledged her reading in her second home with tremendous support. This will require another vote and the signing of the ruler Abbott to become a law.
This draft law took components of other successful efforts, such as the New Hampshire mechanism to add new symbols to the reserve. Currently, Texas allows the maximum market for $ 500 billion for two years.
Texas may pass the bitcoin reserve
Since President Trump first supported this concept, many American states have been following its local bitcoin reserves. Soon after Trump’s inauguration, the governor in Texas called for Betcoin a top priority.
Since then, Bell SB 21 sailed through the committee and the Senate, and it has almost reached the Ruler’s office:
“The Bitcoin Strategic Bill from Texas passes the second reading. SB 21 was passed by a vote from 105-23. SB 21 has also been modified to increase the length of time when the ceiling of the digital asset market is considered for its inclusion in the bill, from 12 to 24 months … which makes it difficult to rehabilitate.” Claim.
Texas efforts have adopted many other Bitcoin Bill Bills in the country. New Hampshire was the first to obtain a bill in law, and he participates in a similar language.
Although apparently Bitcoin reserves, it also allows other assets, provided that they have a maximum market of $ 500 billion. SB 21 also Features This, although it is with the above -mentioned restrictions 24 months.
Today’s progress is not a complete victory. Texas legislative session ends on June 2, and SB 21 needs to pass the final vote by that time to create Bitcoin reserves. However, supporting the overwhelming bill is encouraging.
In theory, the last step can take place this week, and the ruler Greg Abbott is Bitcoin for a long time supporter.
Between the voices of the two parties and the support of the ruler, the Bitcoin Reserve of Texas appears to be very possible. However, anything can happen.
Arizona, a law technically, allowed the state to prepare BTC, but has objected to two projects that would have already been able to purchases. Florida’s efforts also showed early support from the two parties, but its reserve bills did not advance far away.
These incidents show the importance of not taking anything as a Muslim in it, despite optimistic signs. Most of the Bitcoin reserves have failed to the state so far, and Texas SB 21 will be one of the very few survivors if it succeeds.
However, the success of the genius law despite the fierce opposition also contains a valuable lesson. Political support for the encryption industry is still very strong.
Disintegration
In adherence to the confidence project guidance, beincrypto is committed to unprepared and transparent reporting. This news article aims to provide accurate information in time. However, readers are advised to independently verify facts and consult with a professional before making any decisions based on this content. Please note that the terms, conditions, privacy policy have been updated and the evacuation of responsibility.
