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Texas Bitcoin Reserve Bill Passes Second House Vote, Heads to Final Reading

  • Texas lawmakers voted 105–23 to advance a proposal for creating a state Bitcoin Reserve, pending final House vote.
  • The bill, SB 21, aims to establish a state-run Bitcoin Reserve managed by the Texas Comptroller of Public Accounts.
  • Funding for the reserve will come from legislative appropriations and existing state resources, ensuring stable and reliable assets are included.
  • Governor Abbott's support expected for the bill, as Texas moves closer to becoming the third state with a government-backed Bitcoin reserve.

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