<ul><li>The Texas House of Representatives passed Senate Bill 21 with a strong bipartisan vote of 105-23, advancing the state's efforts towards creating a state-managed Bitcoin reserve.</li><li>An amendment to the bill extended the required market capitalization period for crypto assets from 12 to 24 months, ensuring the reserve holds assets with sustained market stability.</li><li>The approved legislation establishes a Bitcoin reserve as a special fund managed by the state comptroller, aiming to improve financial operations and asset management amidst economic changes.</li><li>After further steps and evaluation, Texas could potentially become the second state to have an official Bitcoin reserve, showcasing its leadership in crypto laws and financial innovation.</li></ul>

Texas Inches Closer to State Bitcoin Reserve With House Bill Progress

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