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- The Texas House has developed into a third reading after passing the second reading of the Senate bill 21 with a 105-23 vote.
- The amendment adopted on Tuesday requires that the qualified cryptocurrency maintains a $ 500 billion market cap in 24 months.
- If it is enacted, Texas can be the second US state to establish a government -managed Bitcoin protection zone after New Hampshire.
Congressman Texas vote Tuesday approval Senate Act 21The weekly Bitcoin preliminary bill has pushed beyond important legislative obstacles.
The house began with the adoption of the Linda Garcia (D-TX) amendment, which doubled the market cap needed from 12 months to 24 months.
With strong gang support, the House of Representatives developed the Senate bill 21 with 105-23 votes and developed into a third reading.
The bill is a “future thought” that helps to recognize digital assets by key as a sponsor of the House of Representatives, Giovanni Capriglione (R-TX).
Officially called the Texas Strategic Bitcoin Reserve and Investment Act, the legislation will establish a framework that allows the state auditor to maintain and manage encryption holdings with the “Special Fund outside State Treasury.”
Initial discussion and proposal Because I first left in December last year. HB 1598.
Under the proposed law, the protection zone can potentially have a different encryption from Bitcoin as “hedging of inflation and economic volatility.” House Committee Version.
In addition, the entrepreneur must also submit a report every two years to the parliament on the retention of encryption, its value and change during that period. Advisory Committee, including encryption investment experts, will guide the manager of Jesus management.
The progress of Texas’ Bitcoin Protection Zone bill is LONE STAR State Main encryption mining hubContinuous ranking with the best choice of encryption mining companies across the United States
Nevertheless, the bill must pass the third reading at home.
Since it has been modified, the difference between the House of Representatives and the Senate should be adjusted before the final approval of the two chambers.
Only then can you go to the Governor’s desk and establish the second State Bitcoin protection zone in the United States. New Hampshire Early this month.
Arizona may have followed, but Governor I nicknamed BitcoinvilleOnly by companion Claims for unclaimed encryption Passed two days later.
edit Sebastian Sinclair
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