Texas Senate adopts Conference Committee report on Bitcoin reserve bill

The Texas Senate has adopted the Conference Committee report on the Bitcoin reserve bill (SB 21) by a vote of 24:7, according to Bitcoin Laws on X. The bill now only needs to be signed by the Texas governor. In addition to authorizing the Texas state government to invest in Bitcoin, the SB 21 also serves as the legal basis for the state's Strategic Bitcoin Reserve (SBR) plan that would include the cryptocurrency as a reserve asset in public finances. Texas is the second-largest economy in the U.S., second only to California. If considered as a country, Texas would rank as the eighth-largest economy in the world.