The Texas Bitcoin Reserve Bill will have its second reading today

2025-05-20 15:52:52

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ChainCatcher news, according to Bitcoin Magazine, the Texas Senate Bill SB 21 will have its second reading in the state House of Representatives today (May 20). The bill was introduced by Senator Schwertner and others, with Representative Capriglione serving as the House sponsor, aiming to establish and manage the "Texas Strategic Bitcoin Reserve."

The core content of the bill includes investing in cryptocurrencies and authorizing the state auditor to have investment authority over the reserve and other specific state funds.

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U.S. Cryptocurrency Legislation and Policy Trends

The U.S. Congress is reviewing several bills related to cryptocurrency, aimed at clarifying the legal status and regulatory framework of cryptocurrencies. Meanwhile, regulatory agencies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are also actively issuing guidance and regulatory measures to ensure the transparency and legality of the cryptocurrency market. This topic will track these developments.

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