Sen. Charles Schwertner (R-Georgetown) is keen on establishing a first-of-its-kind financial reserve for the State of Texas focused on Bitcoin.
Senate Bill (SB) 21, one of Lt. Gov. Dan Patrick’s legislative priorities, would create a fund outside the state treasury and run by the Texas Comptroller of Public Accounts that “serves the public purpose of providing enhanced financial security to residents of this state and providing a mechanism to receive donations of bitcoin and other cryptocurrencies.”
