The Texas Bitcoin Strategic Reserve and Investment Bill has been placed on the Senate intention calendar

2025-03-05 21:12:03

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ChainCatcher news, according to Bitcoin Magazine, legislative process documents show that the Texas Strategic Bitcoin Reserve and Investment Act has been listed on the Senate intent calendar on March 5, 2025, marking a step forward for the bill towards formal passage.

The bill was previously reviewed by the Business and Commerce Committee on March 4, receiving overwhelming support with 10 votes in favor, 0 votes against, and only 1 person absent. The bill covers multiple areas, including finance, state fiscal management and control, auditing, currency trading, and public account auditing. The bill will establish the "Texas Bitcoin Strategic Reserve Advisory Committee," responsible for overseeing the management of the state's Bitcoin reserves.

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