The Texas House committee passes the Bitcoin reserve bill and submits it for a vote in the full chamber.

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The Texas House of Representatives' "Government Efficiency Delivery Committee" has passed the "Bitcoin Reserve Bill" (SB 21), which is now submitted for a final vote in the full chamber. If passed, it will be sent to Governor Greg Abbott for signing. The bill proposes to establish a "Texas Strategic Bitcoin Reserve" managed by the comptroller, which can only invest in digital assets with a market capitalization of over $500 billion, with Bitcoin currently being the only asset that meets this criterion. The bill was previously passed by the Senate on March 6, and the state legislature will adjourn on June 2, with the final results expected to be announced within weeks. (Cointelegraph)

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