Texas Bitcoin Bill Gets Senate Approval

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The Texas Bitcoin Bill HB4474 has been passed by the senate
early morning on May 27 after being passed by the House of
Representatives on May 11. The newly passed Bitcoin bill
recognizes Bitcoin and other digital assets under the
state’s commercial laws. The approval of the Bill would make
Texas another crypto and blockchain-friendly state similar
to Wyoming.

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The said bill was passed with a resounding 9-0 vote and now
needs the signature of Texas Governor Gregg Abbott which
seems a formality given he has already stated that he is in
favor of new crypto regulations.

The approval of the new Bitcoin Bill will also play a
crucial role in helping Texas become a crypto hub, given it
is already quite popular among Bitcoin mining companies such
as Riot Blockchain and BlockCap.

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25 States in the US Currently Considering Some Form of
Blockchain/Crypto Regulation

coinmarketcap.com/headlines/news/just-in-texas-bitcoin-bill-gets-senate-approval/

 

h/t dr0id

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