Texas Bitcoin Reserve Bill Set for Crucial Second Reading in House Today

COINOTAG News reports that on May 20th, 2023, the Bitcoin reserve bill is set to undergo a crucial second reading in the Texas House of Representatives, as highlighted by BitcoinMagazine. This pivotal legislative move could pave the way for significant developments in the digital currency landscape within the state. Should the second reading yield a favorable outcome, the legislative journey would proceed to a third reading and subsequent vote, culminating in the potential final passage by the House. Upon approval, the bill would transition to the Senate, where a similar reading process will occur. In the event of discrepancies between the House and Senate versions, a reconciliation process will be initiated, involving amendments to align both chambers’ proposals. The final step would involve the bill being sent to the Governor for official signature and enactment, marking a significant milestone for cryptocurrency regulation in Texas.