A “state-managed investment fund focused on Bitcoin and other high-market-cap cryptocurrencies …” was introduced to Texas legislators this week as Senate Bill 21 (SB 21); a bill colloquially referred to as “The Texas Bitcoin Reserve Act.”

SB 21 was sponsored by State Sen. Charles Schwertner (R-Georgetown), as revealed by in-depth coverage from Texas Policy Research (TPR), a pro-liberty legislative analysis nonprofit organization.

Texas Policy Research’s coverage of the state’s second proposed bitcoin bill, introduced Feb. 18.

TPR previously reported that in January, Lt. Gov. Dan Patrick (R) listed his Key Legislative Priorities for the Texas Senate’s…

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