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The Texas Parliament Committee has approved Bitcoin’s budget bill with the support of Republicans, which now does not need a full vote only before heading to the ruler’s office for the final decision.
The Texas Committee of the Parliament to deliver government competence passed the Senate Law 21 on 9-4 vote On May 7. No amendments to the draft law were requested, which have already passed the Senate in Texas on 25-5 votes in March.
Bitcoin Texas Bitcoin Bitcoin Law will allow the state to invest in encryption
SB 21, if approved, it will create the “Bitcoin Strategic Reserve in Texas” that will be controlled by the state observer, Glen Higar.
Hegar is then allowed to invest in digital assets that have maintained the maximum market for more than $ 500 billion over the past 12 months. Currently, Crypto Bitcoin (BTC) is the only digital origin that fulfills these standards.
SB 21 was initially presented as the Bitcoin Bitcoin only in January. However, the following month, it was renovated with modifications that allow the inclusion of other encryptions that meet the maximum standards of the market.
According to the founder of Bitcoin Julian Fahr, the decision surrounding SB 21 should be known before June 2. This is the time when the legislative body will be transferred.
The Texas Bitcoin Reserve should be a single vote.
The TX Legislative Council returns at 6/2, so we must know within about 3 weeks at the latest. https://t.co/iytssnrwmo
Julian Fahr (@julian__fahr) May 8, 2025
If the draft law obtains a full vote, he will go to the governor Greg Abbott to make a final decision. I already have Abbott Express His desire to make the only star refer to the “encryption capital” of the United States.
Texas is looking to join the states that signed Bitcoin reserve laws in the law
Texas voting shortly after the rulers of Arizona and New Hampsire recently signed bitcoin bills for their states in law.
The governor of Arizona Katie Hobbes has agreed to a draft law that allows the state to retain the non -demanded encryption and create a bitcoin and the reserve of digital assets. The state can also share abandoned encryption to earn bonuses or receive Airroprops.
Likewise, the Governor of the New Hamebeshire Kelly Ayot signed the draft law of the house 302 on May 6, allowing the Ministry of State to use money to invest in encryption with the maximum market exceeding $ 500 billion.
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