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Briefly
- Texas wants to become another US state that has formally adopted a Bitcoin reserve.
- The Bipartisan Law Bill has adopted all legislative obstacles, forbidding the final vote of consent.
- MPs voted 101-42, reflecting a strong but not unanimous two-sided support.
Texas House of Representatives passed A significant legislation that wants to establish a reserve Bitcoin on its third and last reading on Wednesday, approaching the state closer to the official adoption of the cryptocurrency as part of its treasury management.
The Senate Bill of Law 21, a double -sided bill of law, has collected strong support through the party lines. He is now expecting voting on amendments to the house before heading to the Governor Grega Abbott’s table to sign into the law.
The opposition to the proposal of the law was made by the advantage until the final reading, showing that the double -sided support was not unanimous. On Tuesday, an account cleaned the second reading After the amendment, collecting votes in 105 for and 23 against.
For the third reading, those against it grew to 42, according to unofficial sums Posted the house.
The record of the final vote has not yet been certified by House Journal clerk, and is currently published “only for information purposes”, notes on the Texas legislative body website, citing rules and procedures.
It is worth noting that the fiscal influence of the laws of the law “cannot be assessed at this point”, according to the Senate Amendment note From Jerry McGinty, director of the State Committee on Legislative Budget.
“It is not known what funds would be made for the reserve and the amount and value of a qualified cryptocurrency that would be purchased,” McGinty said, adding that his analysis assumes that any administrative costs “formed by the supervisor” could then “absorb with the reserve revenue.”
Decipher Came to the legislative budget committee in Texas for comment.
The author of Senator Charles Schwertner, and sponsored in the House, MP Giovanni Capriglione, account It opens and supports the establishment and application of Bitcoin Strategic Reserves for the State.
It indicates provisions for investing in cryptocurrencies and obliges the investment body of the state supervisor over the reserve and other funds.
Once brought, Texas will become another US state, after New Hampshireto maintain reserve in Bitcoin.
Edited Sebastian Sinclair
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