Summary
- The Texas state government has announced that it is reviewing the Bitcoin strategic reserve bill.
- If the bill passes, the Texas state government will be able to hold Bitcoin and accept Bitcoin donations to promote joint investment.
- The bill will take effect immediately if approved by more than two-thirds, otherwise it will take effect on September 1, 2025.
The Texas Senate Finance Committee is set to review the Bitcoin (BTC) strategic reserve bill that was introduced last month.
On the 9th (local time), Bitcoin.com reported that the Texas Bitcoin Strategic Reserve Bill (SB778) was referred to the Senate Finance Committee on the 7th.
This bill was introduced by Texas State Senator Charles Schwertner on the 15th of last month.
Key points of the bill include ▲ the Texas state government's holding of Bitcoin, ▲ donations of Bitcoin to promote joint investment, and ▲ prohibition of acquiring Bitcoin from institutions or individuals involved in illegal activities.
If passed with more than two-thirds approval, the bill will take effect immediately; otherwise, it will take effect on September 1, 2025.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
