Texas Lawmakers Form Committee to Merge Bitcoin Reserve Bills

The Texas House and Senate have formed a conference committee to address the discrepancies between their respective Bitcoin reserve bills. This move signifies a crucial advancement in Texas' efforts to establish a state Bitcoin reserve. The Senate's proposal, Senate Bill 21, outlines the creation of the Texas Strategic Bitcoin Reserve. This fund would be overseen by the Texas Comptroller of Public Accounts and kept separate from the state treasury. Concurrently, the House of Representatives has also passed its own version of a state Bitcoin reserve bill, which was approved on Tuesday. The conference committee's primary task is to merge these two legislative pieces into a single, cohesive bill that can be presented to the governor for approval. This initiative reflects the increasing significance of cryptocurrency in state-level policy and underscores Texas' forward-thinking approach to integrating digital currencies into its financial framework. As the legislative session nears its end, the committee's decisions will determine the trajectory of Bitcoin's role within the state, potentially influencing other regions to adopt similar measures.