The Texas Bitcoin Strategic Reserve and Investment Bill has been listed on the Senate Intent Calendar
According to Bitcoin Magazine, legislative process documents show that the "Texas Strategic Bitcoin Reserve and Investment Act" was listed on the Senate Intent Calendar on March 5, 2025, marking a step forward for the bill towards formal approval.
The bill had previously been reviewed by the Business and Commerce Committee on March 4th, receiving overwhelming support with 10 votes in favor, zero against, and only one person absent from voting. The bill covers multiple areas including finance, state fiscal management and control, auditing, currency transactions as well as public account audits. The act will establish a "Texas Strategic Bitcoin Reserve Advisory Committee", responsible for overseeing the management of the state government's bitcoin reserves.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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