Texas Advances Bitcoin Reserve Bill, Pushed Towards Final Vote

Texas is making strides towards establishing a Strategic Bitcoin Reserve, with the bill advancing through its legislative process. The state’s House of Representatives just approved the bill in a decisive bipartisan vote, setting up the final reading for approval and implementation. Crypto influencer Scott Melker on X confirmed overwhelming support for the legislation within the Texas House. If signed into law, this reserve will be overseen by the Texas Comptroller of Public Accounts. 3rd reading is expected to pass quickly.