Texas establishes a Strategic Bitcoin Reserve to hold Bitcoin as a financial asset and accept voluntary donations from residents.

The Texas Strategic Bitcoin Reserve Act creates a special fund in the state treasury to hold Bitcoin as a financial asset. The comptroller manages the reserve, which can accept voluntary donations from Texas residents. Bitcoin donations must be held for at least five years before they can be transferred or converted. The comptroller can issue acknowledgment certificates to donors and establish a recognition program for significant contributions. The comptroller also develops policies for secure storage and conducts regular audits.

Texas establishes a Strategic Bitcoin Reserve to hold Bitcoin as a financial asset and accept voluntary donations from residents.

The Texas Strategic Bitcoin Reserve Act creates a special fund in the state treasury to hold Bitcoin as a financial asset. The comptroller manages the reserve, which can accept voluntary donations from Texas residents. Bitcoin donations must be held for at least five years before they can be transferred or converted. The comptroller can issue acknowledgment certificates to donors and establish a recognition program for significant contributions. The comptroller also develops policies for secure storage and conducts regular audits.