News list for " texas"
A federal judge in Texas ruled in absentia against Bancor DAO (which operates decentralized financial platform Bancor) after it failed to respond to an online subpoena. Judge Robert Pitman did not appear to defend himself after Bancor DAO issued a subpoena on the DAO forum in January 2024, so the ruling was made. "District Court Clerk Philip Delvin wrote on March 13:" Defendant Bancor DA...
Texas Congressman Ron Reynolds has introduced a new bill that would recommend that state treasurers should not use the Economic Stabilization Fund to invest more than $250 million in bitcoin or other crypto assets. Additionally, Texas cities or counties should not invest more than $10 million in cryptocurrencies. The proposal follows the passage of SB 21 by the Texas Senate last week, which aims to establish the Texas Bitcoin Strategic Reserve with no purchase cap.
Texas has introduced another Bitcoin Reserve Act (HB 4258), which allows the state comptroller to invest no more than $250 million of the balance of the Economic Stabilization Fund in Bitcoin or other cryptocurrencies, and allows local governments (such as municipalities or counties) to invest no more than $10 million of their funds in Bitcoin or other cryptocurrencies. The act will take effect on September 1, 2025.
The Texas Senate has just passed Senate Bill 21 (SB-21), which is a major step towards incorporating digital assets into the nation's financial system. The Texas Senate voted 25-5 to approve the Texas Bitcoin Reserve Act, which allows the state to invest public funds in bitcoin and other digital assets. According to SB-21, the Comptroller of Texas will manage bitcoin transactions.
The Texas Senate passed SB 21, creating the Texas Bitcoin Reserve Fund - the first state-run crypto fund in U.S. history. Lieutenant Governor Dan Patrick called it a major step forward and in line with President Trump's vision of making the United States a global leader in cryptocurrency. Texas is leading the way. The reserve will hold BTC and other top cryptocurrencies with a market cap threshold above $500 billion. A new advisory board will oversee its development. This is not just a national ...
Dan Patrick, Texas's lieutenant governor, believes bitcoin's limited supply and decentralized nature make it a key asset for the future of his state, which he hopes will become "the hub of America's digital future".
The Texas Senate passed the Strategic Bitcoin Reserve Act SB 21 by a vote of 25 to 5. From then on, SB 21 needs to be submitted to the Texas House of Representatives, where the bill will be assigned to relevant committees for review, amendment, and hearing. If the House makes changes to SB 21, the Senate must agree to those changes, or the two sides will need to coordinate the final version through the conference committee. The final version agreed by both sides needs to be divided into...
The Texas Strategic Bitcoin Reserve Act (SB21) has been added to the agenda under "Notice of Intent" on Wednesday, March 5, indicating that the bill could go to a vote tomorrow.
According to market news, Texas' Strategic Bitcoin Reserve Bill has passed the Commerce and Commerce Committee stage and will be submitted to the Senate for consideration.
Bitcoin miner MARA has announced that it has acquired a wind farm in Texas. The acquisition will add 114 trillion watts of wind power capacity to MARA's asset base as it expands into the energy infrastructure sector. The company will use the latest generation of ASIC mining hardware powered by renewable energy to reduce the cost of bitcoin production. MARA is the second largest publicly traded bitcoin holder with 45,659 BTC on its balance sheet.
According to BecauseBitcoin, the Texas Senate will hold a public hearing on the establishment of a strategic bitcoin reserve on February 18.
The first public hearing on the establishment of a potential strategic bitcoin reserve in Texas is scheduled for February 18, less than a week before the Senate secretary receives the bill, according to the Texas government website. While the move is a positive step for bitcoin adoption, according to dispatch analyst Iliya Kalchev of cryptocurrency lending platform Nexo, the...
Texas Senator Charles Schwertner resubmitted the state's strategy#The Bitcoin Reserve Act allows them to invest in Bitcoin or cryptocurrencies with a market cap of at least $500 billion, with no purchase cap. Texas Lieutenant Governor Dan Patrick previously announced that the state's Strategic Bitcoin Reserve Act will be one of the top 40 priority bills in the Senate in 2025.
The Texas Strategic Bitcoin Reserve Act (Senate Bill 778) was submitted to the Senate Finance Committee for consideration on February 7. The bill, introduced by Senator Charles Schwertner, seeks to establish a state-controlled bitcoin reserve to enhance financial security and drive innovation in digital assets. So...
On February 1, the parent company of the Texas Stock Exchange (TXSE) said that the exchange has submitted applications to operate as a national stock exchange in the United States, with the goal of launching in 2026. The exchange said it hopes to reverse the continuous decline in the number of listed companies in the United States and solve what it calls the "high cost of listing and maintaining a listed status". The exchange also said that it has raised 161 million US dollars from more than 48 ...
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