Establishes the Texas Strategic Bitcoin Reserve to invest in cryptocurrency and outlines the comptroller's authority over the reserve.
The Texas Strategic Bitcoin Reserve and Investment Act establishes the Texas Strategic Bitcoin Reserve, a special fund outside the state treasury, to invest in bitcoin and other cryptocurrencies. The comptroller of public accounts administers and manages the reserve, which consists of money transferred by legislative appropriation, dedicated revenue, and purchased cryptocurrency. The comptroller may accept donations of bitcoin or other cryptocurrency, invest in cryptocurrency with a minimum market capitalization, and contract with third-party entities for reserve administration.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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