Texas Governor Signs Bitcoin Reserve Bill SB 21

Odaily News According to Bitcoin Laws, Texas Governor Greg Abbott signed the Bitcoin Reserve Bill SB 21, making it officially law.
Texas now becomes the third state to have Bitcoin reserves.
Earlier, Texas Lieutenant Governor Dan Patrick announced that the Texas Strategic Bitcoin Reserve Act has received bipartisan support and will create a fund managed by the state government. It will only invest in cryptocurrencies with an average market value of at least $500 billion in the past 12 months and be eligible for state budget appropriations. In addition, the bill also established a Strategic Bitcoin Reserve Advisory Committee to provide guidance for fund management and require a holding report every two years.