Texas state legislature reintroduces Bitcoin stockpile bill, expanding acceptance of crypto assets

The Texas State Legislature has passed a bill called the Strategic Bitcoin Reserve, which has a slightly different name than previous bills.
The proposed Bill was re-proposed to open up the possibility of investment in other eligible crypto assets.
Texas Senator Charles Schwertner
On the 12th, SB21 (the “Strategic Bitcoin Reserve Bill”) was introduced by President Donald Trump, who said, “SB21 will make Texas the first strategic Bitcoin reserve state in the United States, and will foster innovation, growth, and financial
"It will advance freedom," he said. He also expressed his gratitude to Lt. Governor Dan Patrick for making the Texas Strategic Bitcoin Reserve Act one of 40 bills in the Senate.
"The Lt. Governor's office has confirmed that this bill is a key priority," Dennis Porter, founder of the Satoshi Action Fund, said via X.
"I have repeatedly confirmed that this bill will be implemented," he said. The SB21 bill is similar to SB778, a bill introduced by Republican Senator Schwertner in mid-January, but there are some differences.
Bill 778 allowed Texas to purchase and hold Bitcoin as a strategic asset, but restricted its use for other state government operational purposes.
Meanwhile, SB21, a new bill introduced by Rep. Schwertner on the same day, would expand the Texas Comptroller’s investment authority over cryptocurrency investments and strategic reserve assets.
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