Texas is galloping toward its own Strategic Bitcoin Reserve after lawmakers voted en masse in favor of the bill. The bill for the establishment of a Strategic Bitcoin Reserve will now advance to third reading, with pundits predicting smooth sailing.
Texas Strategic Bitcoin Reserve Reaches Third Reading After One-Sided Vote
Texas lawmakers have signaled a clear intent to pass a Strategic Bitcoin Reserve into law for the Lone Star State. According to an X post by Scott Melker, the bill for a Texas Strategic Bitcoin Reserve has passed second reading and will proceed to a third reading.
The voting results during the second reading of the bill indicated a massive bipartisan support for the bill. A close look at the wording of the bill reveals a plan to set up a state-managed bitcoin reserve, managed by the Texas Comptroller of Public Accounts.
SatoshiActFund CEO Dennis Porter revealed in an X post that the third reading for the Strategic Bitcoin Reserve bill will take place over the next day.
This Is A Developing Story.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
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